Fidelity Real Estate Investment ETF (BATS:FPRO) Sees Significant Growth in Short Interest

Fidelity Real Estate Investment ETF (BATS:FPRO) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 9,328 shares, a growth of 216.7% from the July 15th total of 2,945 shares. Based on an average daily volume of 3,815 shares, the days-to-cover ratio is presently 2.4 days. Approximately 1.4% of the shares of the stock are sold short.

Hedge Funds Weigh In On Fidelity Real Estate Investment ETF

An institutional investor recently bought a new position in Fidelity Real Estate Investment ETF stock. Sunbelt Securities Inc. acquired a new stake in Fidelity Real Estate Investment ETF (BATS:FPRO) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,700 shares of the company’s stock, valued at approximately $85,000. Sunbelt Securities Inc. owned about 0.55% of Fidelity Real Estate Investment ETF at the end of the most recent reporting period.

Fidelity Real Estate Investment ETF Stock Up 0.4%

FPRO opened at $25.51 on Friday. The stock has a market cap of $17.22 million, a P/E ratio of 40.43 and a beta of 1.03. Fidelity Real Estate Investment ETF has a 52-week low of $21.95 and a 52-week high of $26.30. The business has a fifty day moving average of $25.23 and a 200 day moving average of $24.43.

Fidelity Real Estate Investment ETF Company Profile

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.