Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Sees Large Growth in Short Interest

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 84,706 shares, a growth of 162.0% from the February 12th total of 32,325 shares. Based on an average trading volume of 185,308 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the shares of the company are short sold. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 185,308 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. AE Wealth Management LLC raised its position in shares of Fidelity MSCI Real Estate Index ETF by 30.8% in the fourth quarter. AE Wealth Management LLC now owns 1,614,618 shares of the company’s stock valued at $43,417,000 after buying 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% during the third quarter. Lido Advisors LLC now owns 1,334,794 shares of the company’s stock worth $37,121,000 after buying an additional 113,386 shares in the last quarter. Citizens & Northern Corp increased its stake in Fidelity MSCI Real Estate Index ETF by 32.2% during the 4th quarter. Citizens & Northern Corp now owns 1,087,071 shares of the company’s stock worth $29,231,000 after acquiring an additional 264,741 shares during the period. Envestnet Asset Management Inc. raised its holdings 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 valued at $26,889,000 after acquiring an additional 434,332 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings 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 valued at $21,935,000 after acquiring an additional 54,228 shares in the last quarter.

Fidelity MSCI Real Estate Index ETF Stock Performance

NYSEARCA:FREL traded down $0.31 during mid-day trading on Wednesday, reaching $28.11. 158,957 shares of the company’s stock were exchanged, compared to its average volume of 503,718. Fidelity MSCI Real Estate Index ETF has a one year low of $23.35 and a one year high of $29.21. The business’s fifty day simple moving average is $27.99 and its two-hundred day simple moving average is $27.64. The firm has a market capitalization of $1.40 billion, a PE 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.