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 significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 93,164 shares, a decrease of 39.1% from the May 14th total of 152,935 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 216,152 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Fidelity MSCI Real Estate Index ETF

A number of institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted 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 purchasing 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. Lido Advisors LLC lifted its stake in Fidelity MSCI Real Estate Index ETF by 9.3% in the third quarter. Lido Advisors LLC now owns 1,334,794 shares of the company’s stock worth $37,121,000 after acquiring an additional 113,386 shares during the period. Citizens & Northern Corp lifted its stake 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 worth $29,231,000 after acquiring an additional 264,741 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Fidelity MSCI Real Estate Index ETF by 7.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 815,738 shares of the company’s stock worth $21,935,000 after acquiring an additional 54,228 shares during the period.

Fidelity MSCI Real Estate Index ETF Trading Down 0.7%

Shares of NYSEARCA:FREL traded down $0.22 during trading on Monday, reaching $29.73. 365,607 shares of the company traded hands, compared to its average volume of 367,610. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 34.96 and a beta of 0.98. Fidelity MSCI Real Estate Index ETF has a 52-week low of $26.37 and a 52-week high of $30.13. The business’s fifty day moving average is $28.92 and its 200-day moving average is $28.09.

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.