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

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 13,558 shares, a decrease of 90.5% from the June 30th total of 142,215 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 268,836 shares, the short-interest ratio is presently 0.1 days.

Fidelity MSCI Real Estate Index ETF Stock Up 2.1%

Shares of Fidelity MSCI Real Estate Index ETF stock traded up $0.62 during trading on Friday, reaching $30.59. 300,638 shares of the stock were exchanged, compared to its average volume of 346,043. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 34.96 and a beta of 0.98. Fidelity MSCI Real Estate Index ETF has a 1 year low of $26.37 and a 1 year high of $30.72. The stock’s fifty day moving average is $29.52 and its 200 day moving average is $28.62.

Institutional Investors Weigh In On Fidelity MSCI Real Estate Index ETF

A number of large investors have recently made changes to their positions in FREL. Bank of America Corp DE increased its stake in shares of Fidelity MSCI Real Estate Index ETF by 25,321.8% during the first quarter. Bank of America Corp DE now owns 10,268,643 shares of the company’s stock valued at $276,329,000 after buying an additional 10,228,250 shares during the period. AE Wealth Management LLC lifted its stake in Fidelity MSCI Real Estate Index ETF by 30.8% in the fourth quarter. AE Wealth Management LLC now owns 1,614,618 shares of the company’s stock worth $43,417,000 after acquiring an additional 380,393 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Fidelity MSCI Real Estate Index ETF by 82.7% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 761,510 shares of the company’s stock valued at $21,178,000 after acquiring an additional 344,617 shares in the last quarter. Citizens & Northern Corp boosted its holdings in Fidelity MSCI Real Estate Index ETF by 32.2% in the fourth quarter. Citizens & Northern Corp now owns 1,087,071 shares of the company’s stock valued at $29,231,000 after acquiring an additional 264,741 shares in the last quarter. Finally, Pasadena Private Wealth LLC purchased a new position in Fidelity MSCI Real Estate Index ETF during the 1st quarter valued at $5,936,000.

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.