Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL – Get Free Report) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 177,026 shares, a growth of 236.6% from the November 30th total of 52,585 shares. Based on an average daily trading volume, of 393,485 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.5% of the company’s stock are sold short. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 393,485 shares, the days-to-cover ratio is presently 0.4 days.
Institutional Investors Weigh In On Fidelity MSCI Real Estate Index ETF
A number of hedge funds have recently modified their holdings of FREL. Atlantic Union Bankshares Corp acquired a new stake in Fidelity MSCI Real Estate Index ETF in the 2nd quarter valued at about $27,000. Geneos Wealth Management Inc. acquired a new stake in shares of Fidelity MSCI Real Estate Index ETF in the third quarter valued at approximately $33,000. Realta Investment Advisors acquired a new stake in shares of Fidelity MSCI Real Estate Index ETF in the third quarter valued at approximately $120,000. Smartleaf Asset Management LLC lifted its position in Fidelity MSCI Real Estate Index ETF by 45.3% during the first quarter. Smartleaf Asset Management LLC now owns 4,850 shares of the company’s stock worth $132,000 after buying an additional 1,511 shares in the last quarter. Finally, CIBC Private Wealth Group LLC acquired a new position in Fidelity MSCI Real Estate Index ETF during the third quarter worth $139,000.
Fidelity MSCI Real Estate Index ETF Price Performance
FREL stock opened at $27.01 on Friday. The business has a 50-day moving average price of $27.27 and a 200 day moving average price of $27.40. Fidelity MSCI Real Estate Index ETF has a 1-year low of $23.35 and a 1-year high of $28.75. The company has a market capitalization of $1.06 billion, a P/E ratio of 34.96 and a beta of 1.03.
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.
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