Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Stock Short Interest Report for October

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 11,393 shares, a drop of 87.7% from the September 30th total of 92,878 shares. Based on an average trading volume of 355,403 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On Fidelity MSCI Real Estate Index ETF

Several large investors have recently made changes to their positions in the company. Compass Financial Management LLC acquired a new position in Fidelity MSCI Real Estate Index ETF during the second quarter valued at approximately $43,000. Fifth Third Bancorp lifted its stake in shares of Fidelity MSCI Real Estate Index ETF by 180.3% during the 1st quarter. Fifth Third Bancorp now owns 1,881 shares of the company’s stock worth $51,000 after buying an additional 1,210 shares during the last quarter. Talon Private Wealth LLC bought a new position in Fidelity MSCI Real Estate Index ETF during the first quarter worth about $221,000. Brookstone Capital Management acquired a new stake in shares of Fidelity MSCI Real Estate Index ETF during the 3rd quarter worth $317,000. Finally, Ameritas Advisory Services LLC lifted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 33.9% during the 2nd quarter. Ameritas Advisory Services LLC now owns 11,500 shares of the company’s stock worth $337,000 after acquiring an additional 2,911 shares during the period.

Fidelity MSCI Real Estate Index ETF Trading Down 1.0%

NYSEARCA FREL traded down $0.28 during trading on Tuesday, hitting $28.00. 79,509 shares of the company traded hands, compared to its average volume of 340,926. The business has a fifty day simple moving average of $28.38 and a 200 day simple moving average of $28.68. Fidelity MSCI Real Estate Index ETF has a 12 month low of $26.37 and a 12 month high of $30.92. The company has a market capitalization of $1.37 billion, a P/E ratio of 34.96 and a beta of 0.97.

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.