Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Short Interest Update

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 152,935 shares, an increase of 143.6% from the April 30th total of 62,772 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 220,957 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of Fidelity MSCI Real Estate Index ETF

A number of institutional investors have recently bought and sold shares of FREL. Bank of America Corp DE lifted its position in Fidelity MSCI Real Estate Index ETF by 25,321.8% in the first quarter. Bank of America Corp DE now owns 10,268,643 shares of the company’s stock worth $276,329,000 after buying an additional 10,228,250 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Fidelity MSCI Real Estate Index ETF by 81.6% in the third quarter. Envestnet Asset Management Inc. now owns 966,894 shares of the company’s stock worth $26,889,000 after buying an additional 434,332 shares during the last quarter. AE Wealth Management LLC lifted its position in Fidelity MSCI Real Estate Index ETF by 30.8% in the fourth quarter. AE Wealth Management LLC now owns 1,614,618 shares of the company’s stock worth $43,417,000 after buying an additional 380,393 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Fidelity MSCI Real Estate Index ETF by 82.7% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 761,510 shares of the company’s stock worth $21,178,000 after buying an additional 344,617 shares during the last quarter. Finally, Citizens & Northern Corp lifted its position in Fidelity MSCI Real Estate Index ETF by 32.2% in the fourth quarter. Citizens & Northern Corp now owns 1,087,071 shares of the company’s stock worth $29,231,000 after buying an additional 264,741 shares during the last quarter.

Fidelity MSCI Real Estate Index ETF Stock Down 1.7%

FREL traded down $0.48 during trading on Monday, reaching $28.59. The company had a trading volume of 362,590 shares, compared to its average volume of 378,330. The stock has a market cap of $1.41 billion, a P/E ratio of 34.96 and a beta of 1.00. The business has a 50 day simple moving average of $28.45 and a 200-day simple moving average of $27.95. Fidelity MSCI Real Estate Index ETF has a 52 week low of $26.37 and a 52 week high of $29.67.

About Fidelity MSCI Real Estate Index ETF

The Fidelity MSCI Real Estate Index ETF (FREL) is an exchange-traded fund that is based on the MSCI US IMI\u002FReal Estate 25-25 index. The fund tracks a cap-weighted index of US REIT and real estate companies across the entire market-cap spectrum. FREL was launched on Feb 2, 2015 and is managed by Fidelity.