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

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 62,772 shares, a decline of 36.3% from the April 15th total of 98,470 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 334,168 shares, the short-interest ratio is presently 0.2 days.

Fidelity MSCI Real Estate Index ETF Trading Up 0.3%

Shares of FREL opened at $28.94 on Wednesday. The stock has a market cap of $1.43 billion, a P/E ratio of 34.96 and a beta of 1.00. The company has a 50-day moving average of $28.24 and a two-hundred day moving average of $27.82. Fidelity MSCI Real Estate Index ETF has a 12-month low of $26.19 and a 12-month high of $29.56.

Hedge Funds Weigh In On Fidelity MSCI Real Estate Index ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its position in 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 worth $276,329,000 after acquiring an additional 10,228,250 shares during the last quarter. Sunbelt Securities Inc. raised its position in shares of Fidelity MSCI Real Estate Index ETF by 74.8% in the first quarter. Sunbelt Securities Inc. now owns 29,789 shares of the company’s stock valued at $802,000 after buying an additional 12,747 shares during the last quarter. Talon Private Wealth LLC acquired a new position in shares of Fidelity MSCI Real Estate Index ETF in the first quarter valued at approximately $221,000. Sachem Hill LLC raised its position in shares of Fidelity MSCI Real Estate Index ETF by 2.0% in the first quarter. Sachem Hill LLC now owns 90,648 shares of the company’s stock valued at $2,439,000 after buying an additional 1,809 shares during the last quarter. Finally, Prospect Financial Group LLC raised its position in shares of Fidelity MSCI Real Estate Index ETF by 3.8% in the first quarter. Prospect Financial Group LLC now owns 116,981 shares of the company’s stock valued at $3,148,000 after buying an additional 4,244 shares during the last quarter.

Fidelity MSCI Real Estate Index ETF Company Profile

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.