Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Short Interest Up 97.4% in March

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) saw a large increase in short interest in March. As of March 31st, there was short interest totaling 143,734 shares, an increase of 97.4% from the March 15th total of 72,830 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 279,146 shares, the short-interest ratio is presently 0.5 days.

Fidelity MSCI Real Estate Index ETF Stock Up 0.9%

Shares of NYSEARCA FREL traded up $0.25 during trading on Tuesday, reaching $28.59. 384,125 shares of the company traded hands, compared to its average volume of 433,140. The firm has a 50 day simple moving average of $28.05 and a 200-day simple moving average of $27.58. The stock has a market capitalization of $1.43 billion, a PE ratio of 34.96 and a beta of 1.02. Fidelity MSCI Real Estate Index ETF has a 52-week low of $25.46 and a 52-week high of $29.21.

Hedge Funds Weigh In On Fidelity MSCI Real Estate Index ETF

Several institutional investors have recently made changes to their positions in the business. Corient Private Wealth LLC lifted its stake in shares of Fidelity MSCI Real Estate Index ETF by 5.4% in the 4th quarter. Corient Private Wealth LLC now owns 8,090 shares of the company’s stock worth $218,000 after purchasing an additional 411 shares during the period. Rehmann Capital Advisory Group lifted its stake in shares of Fidelity MSCI Real Estate Index ETF by 7.1% in the 4th quarter. Rehmann Capital Advisory Group now owns 231,859 shares of the company’s stock worth $6,236,000 after purchasing an additional 15,428 shares during the period. SHP Wealth Management bought a new position in shares of Fidelity MSCI Real Estate Index ETF in the 4th quarter worth approximately $27,000. Compound Planning Inc. bought a new position in shares of Fidelity MSCI Real Estate Index ETF in the 4th quarter worth approximately $649,000. Finally, Cetera Investment Advisers lifted its stake in shares of Fidelity MSCI Real Estate Index ETF by 5.3% in the 4th quarter. Cetera Investment Advisers now owns 431,015 shares of the company’s stock worth $11,590,000 after purchasing an additional 21,574 shares during the period.

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.