Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Sees Significant Decrease in Short Interest

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 94,902 shares, a decrease of 46.4% from the December 15th total of 177,026 shares. Based on an average trading volume of 273,396 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 273,396 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Fidelity MSCI Real Estate Index ETF

A number of large investors have recently modified their holdings of the business. Jones Financial Companies Lllp boosted its position in Fidelity MSCI Real Estate Index ETF by 1,833.6% during the first quarter. Jones Financial Companies Lllp now owns 13,632 shares of the company’s stock valued at $374,000 after purchasing an additional 12,927 shares during the last quarter. Focus Partners Wealth acquired a new stake in shares of Fidelity MSCI Real Estate Index ETF in the 1st quarter valued at approximately $303,000. Dynamic Advisor Solutions LLC grew its stake in shares of Fidelity MSCI Real Estate Index ETF by 2.7% in the second quarter. Dynamic Advisor Solutions LLC now owns 240,990 shares of the company’s stock valued at $6,516,000 after buying an additional 6,401 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Fidelity MSCI Real Estate Index ETF by 2.9% during the second quarter. Farther Finance Advisors LLC now owns 41,427 shares of the company’s stock worth $1,120,000 after buying an additional 1,177 shares during the last quarter. Finally, Beaumont Financial Advisors LLC raised its position in Fidelity MSCI Real Estate Index ETF by 2.8% during the second quarter. Beaumont Financial Advisors LLC now owns 63,141 shares of the company’s stock worth $1,707,000 after acquiring an additional 1,716 shares in the last quarter.

Fidelity MSCI Real Estate Index ETF Trading Up 1.3%

Shares of NYSEARCA FREL traded up $0.35 during midday trading on Friday, reaching $28.16. The company’s stock had a trading volume of 427,181 shares, compared to its average volume of 1,034,835. The stock has a 50 day simple moving average of $27.20 and a 200-day simple moving average of $27.40. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 34.96 and a beta of 1.03. Fidelity MSCI Real Estate Index ETF has a fifty-two week low of $23.35 and a fifty-two week high of $28.75.

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.