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 significant decline in short interest in 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 company’s stock are sold short. Based on an average trading volume of 334,168 shares, the short-interest ratio is currently 0.2 days.

Fidelity MSCI Real Estate Index ETF Price Performance

Shares of NYSEARCA:FREL traded up $0.35 during midday trading on Monday, hitting $28.85. 326,735 shares of the company’s stock were exchanged, compared to its average volume of 393,481. The stock has a 50 day moving average price of $28.23 and a 200-day moving average price of $27.80. The company has a market cap of $1.43 billion, a PE ratio of 34.96 and a beta of 1.00. Fidelity MSCI Real Estate Index ETF has a 12 month low of $26.19 and a 12 month high of $29.56.

Institutional Investors Weigh In On Fidelity MSCI Real Estate Index ETF

A number of institutional investors have recently added to or reduced their stakes in the company. AE Wealth Management LLC grew its position in Fidelity MSCI Real Estate Index ETF by 30.8% in the 4th quarter. AE Wealth Management LLC now owns 1,614,618 shares of the company’s stock worth $43,417,000 after purchasing an additional 380,393 shares in the last quarter. Lido Advisors LLC grew its position in Fidelity MSCI Real Estate Index ETF by 9.3% in the 3rd quarter. Lido Advisors LLC now owns 1,334,794 shares of the company’s stock worth $37,121,000 after purchasing an additional 113,386 shares in the last quarter. Citizens & Northern Corp grew its position in Fidelity MSCI Real Estate Index ETF by 32.2% in the 4th quarter. Citizens & Northern Corp now owns 1,087,071 shares of the company’s stock worth $29,231,000 after purchasing an additional 264,741 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Fidelity MSCI Real Estate Index ETF by 81.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 966,894 shares of the company’s stock worth $26,889,000 after purchasing an additional 434,332 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in Fidelity MSCI Real Estate Index ETF by 7.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 815,738 shares of the company’s stock worth $21,935,000 after purchasing an additional 54,228 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.