Short Interest in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Declines By 36.3%

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

Fidelity MSCI Real Estate Index ETF Trading Up 1.2%

Shares of FREL stock traded up $0.35 during trading on Monday, reaching $28.85. 326,735 shares of the company’s stock traded hands, compared to its average volume of 393,481. The company has a market capitalization of $1.43 billion, a P/E ratio of 34.96 and a beta of 1.00. The firm’s 50-day moving average is $28.23 and its 200 day moving average is $27.80. Fidelity MSCI Real Estate Index ETF has a 1 year low of $26.19 and a 1 year high of $29.56.

Institutional Trading of Fidelity MSCI Real Estate Index ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Flagship Harbor Advisors LLC purchased a new stake in Fidelity MSCI Real Estate Index ETF in the 4th quarter worth approximately $26,000. SHP Wealth Management purchased a new stake in Fidelity MSCI Real Estate Index ETF in the 4th quarter worth approximately $27,000. Atlantic Union Bankshares Corp lifted its stake in Fidelity MSCI Real Estate Index ETF by 81.7% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 1,817 shares of the company’s stock worth $51,000 after purchasing an additional 817 shares in the last quarter. Transamerica Financial Advisors LLC lifted its stake in Fidelity MSCI Real Estate Index ETF by 147.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,835 shares of the company’s stock worth $49,000 after purchasing an additional 1,094 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in Fidelity MSCI Real Estate Index ETF by 180.3% in the 1st quarter. Fifth Third Bancorp now owns 1,881 shares of the company’s stock worth $51,000 after purchasing an additional 1,210 shares in the last quarter.

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.