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

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 152,935 shares, an increase of 143.6% from the April 30th total of 62,772 shares. Based on an average daily trading volume, of 220,957 shares, the short-interest ratio is presently 0.7 days. Approximately 0.3% of the shares of the company are short sold.

Fidelity MSCI Real Estate Index ETF Price Performance

FREL traded down $0.27 on Friday, reaching $29.07. 213,377 shares of the company traded hands, compared to its average volume of 378,485. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 34.96 and a beta of 1.00. Fidelity MSCI Real Estate Index ETF has a 52-week low of $26.37 and a 52-week high of $29.67. The stock’s 50 day moving average price is $28.43 and its 200-day moving average price is $27.94.

Institutional Investors Weigh In On Fidelity MSCI Real Estate Index ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Jones Financial Companies Lllp boosted its position in Fidelity MSCI Real Estate Index ETF by 1,833.6% in the first quarter. Jones Financial Companies Lllp now owns 13,632 shares of the company’s stock valued at $374,000 after buying an additional 12,927 shares in the last quarter. Focus Partners Wealth acquired a new position in Fidelity MSCI Real Estate Index ETF during the 1st quarter valued at about $303,000. JPMorgan Chase & Co. lifted its holdings in Fidelity MSCI Real Estate Index ETF by 33.6% in the second quarter. JPMorgan Chase & Co. now owns 56,975 shares of the company’s stock valued at $1,541,000 after buying an additional 14,334 shares during the period. Diversify Advisory Services LLC grew its stake in shares of Fidelity MSCI Real Estate Index ETF by 26.8% during the second quarter. Diversify Advisory Services LLC now owns 50,011 shares of the company’s stock worth $1,351,000 after purchasing an additional 10,574 shares during the period. Finally, Diversify Wealth Management LLC grew its position in shares of Fidelity MSCI Real Estate Index ETF by 2.3% during the 2nd quarter. Diversify Wealth Management LLC now owns 150,809 shares of the company’s stock worth $4,073,000 after buying an additional 3,321 shares during the period.

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.