Short Interest in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Expands By 87.0%

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 68,791 shares, an increase of 87.0% from the August 15th total of 36,780 shares. Based on an average trading volume of 389,199 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Fidelity MSCI Real Estate Index ETF Trading Up 0.3%

FREL stock opened at $28.43 on Friday. The stock has a market capitalization of $1.42 billion, a P/E ratio of 34.96 and a beta of 0.97. Fidelity MSCI Real Estate Index ETF has a 12 month low of $26.37 and a 12 month high of $30.92. The firm has a 50-day moving average price of $29.67 and a 200-day moving average price of $29.07.

Hedge Funds Weigh In On Fidelity MSCI Real Estate Index ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. SHP Wealth Management acquired a new position in shares of Fidelity MSCI Real Estate Index ETF in the fourth quarter valued at approximately $27,000. Compass Financial Management LLC bought a new position in Fidelity MSCI Real Estate Index ETF in the 2nd quarter valued at approximately $43,000. Fifth Third Bancorp raised its holdings 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 valued at $51,000 after buying an additional 1,210 shares during the last quarter. Motiv8 Investments LLC acquired a new stake in Fidelity MSCI Real Estate Index ETF during the 4th quarter worth approximately $80,000. Finally, Financial Freedom LLC acquired a new stake in Fidelity MSCI Real Estate Index ETF during the 4th quarter worth approximately $187,000.

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.