Fidelity Real Estate Investment ETF (BATS:FPRO) Shares Shorted: Short Interest Down 69.9% in September

Fidelity Real Estate Investment ETF (BATS:FPRO) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 1,313 shares, a decline of 69.9% from the September 15th total of 4,359 shares. Based on an average daily trading volume, of 3,755 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

Fidelity Real Estate Investment ETF Stock Down 0.1%

FPRO opened at $23.57 on Wednesday. Fidelity Real Estate Investment ETF has a 12 month low of $21.95 and a 12 month high of $26.30. The company has a fifty day simple moving average of $24.40 and a 200 day simple moving average of $24.61. The stock has a market cap of $15.91 million, a P/E ratio of 40.43 and a beta of 1.03.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FPRO. KFA Private Wealth Group LLC bought a new stake in shares of Fidelity Real Estate Investment ETF in the second quarter worth about $26,170,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Fidelity Real Estate Investment ETF during the second quarter worth about $878,000. Concurrent Investment Advisors LLC bought a new position in shares of Fidelity Real Estate Investment ETF during the 2nd quarter valued at about $279,000. Rehmann Capital Advisory Group bought a new position in shares of Fidelity Real Estate Investment ETF during the 2nd quarter valued at about $157,000. Finally, Corient Private Wealth LP bought a new position in shares of Fidelity Real Estate Investment ETF during the 2nd quarter valued at about $146,000.

About Fidelity Real Estate Investment ETF

The Fidelity Real Estate Investment ETF (FPRO) is an exchange-traded fund that mostly invests in real estate equity. The fund is an actively-managed, non-transparent ETF that invests in global real estate companies. The fund utilizes the Fidelity non-transparent model. FPRO was launched on Feb 2, 2021 and is managed by Fidelity.