Short Interest in Fidelity Real Estate Investment ETF (BATS:FPRO) Increases By 182.6%

Fidelity Real Estate Investment ETF (BATS:FPRO) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 24,389 shares, an increase of 182.6% from the April 30th total of 8,631 shares. Currently, 3.6% of the company’s stock are short sold. Based on an average daily trading volume, of 8,775 shares, the short-interest ratio is currently 2.8 days.

Fidelity Real Estate Investment ETF Stock Performance

Fidelity Real Estate Investment ETF stock traded down $0.22 during mid-day trading on Friday, reaching $24.61. 4,488 shares of the company were exchanged, compared to its average volume of 4,117. The business has a fifty day moving average of $24.13 and a 200 day moving average of $23.42. The firm has a market cap of $16.61 million, a P/E ratio of 40.43 and a beta of 1.03. Fidelity Real Estate Investment ETF has a 12-month low of $21.95 and a 12-month high of $25.08.

Institutional Trading of Fidelity Real Estate Investment ETF

A hedge fund recently bought a new stake in Fidelity Real Estate Investment ETF stock. Sunbelt Securities Inc. bought a new position in shares of Fidelity Real Estate Investment ETF (BATS:FPRO) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,700 shares of the company’s stock, valued at approximately $85,000. Sunbelt Securities Inc. owned 0.55% of Fidelity Real Estate Investment ETF as of its most recent SEC filing.

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.