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

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 36,780 shares, a growth of 114.0% from the July 30th total of 17,188 shares. Based on an average daily trading volume, of 308,567 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Fidelity MSCI Real Estate Index ETF Stock Down 0.4%

NYSEARCA:FREL traded down $0.11 on Friday, reaching $29.53. 257,653 shares of the company’s stock traded hands, compared to its average volume of 343,015. The stock has a 50-day simple moving average of $29.87 and a 200-day simple moving average of $29.05. Fidelity MSCI Real Estate Index ETF has a 12 month low of $26.37 and a 12 month high of $30.92. The firm has a market cap of $1.47 billion, a PE ratio of 34.96 and a beta of 0.97.

Institutional Trading of Fidelity MSCI Real Estate Index ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp boosted its stake in Fidelity MSCI Real Estate Index ETF by 1,833.6% in the 1st quarter. Jones Financial Companies Lllp now owns 13,632 shares of the company’s stock worth $374,000 after purchasing an additional 12,927 shares during the period. Focus Partners Wealth purchased a new position in shares of Fidelity MSCI Real Estate Index ETF in the first quarter worth $303,000. JPMorgan Chase & Co. boosted its position in shares of Fidelity MSCI Real Estate Index ETF by 33.6% during the second quarter. JPMorgan Chase & Co. now owns 56,975 shares of the company’s stock worth $1,541,000 after acquiring an additional 14,334 shares during the last quarter. Diversify Advisory Services LLC boosted its position in shares of Fidelity MSCI Real Estate Index ETF by 26.8% during the second quarter. Diversify Advisory Services LLC now owns 50,011 shares of the company’s stock worth $1,351,000 after acquiring an additional 10,574 shares during the last quarter. Finally, Diversify Wealth Management LLC grew its stake in Fidelity MSCI Real Estate Index ETF by 2.3% during the second quarter. Diversify Wealth Management LLC now owns 150,809 shares of the company’s stock valued at $4,073,000 after acquiring an additional 3,321 shares in the last quarter.

Fidelity MSCI Real Estate Index ETF Company Profile

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.