Short Interest in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Expands By 143.6%

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) was the recipient 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 volume of 220,957 shares, the short-interest ratio is currently 0.7 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Trading of Fidelity MSCI Real Estate Index ETF

A number of hedge funds have recently bought and sold shares of the business. Bank of America Corp DE raised its holdings in Fidelity MSCI Real Estate Index ETF by 25,321.8% in the 1st quarter. Bank of America Corp DE now owns 10,268,643 shares of the company’s stock valued at $276,329,000 after acquiring an additional 10,228,250 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in Fidelity MSCI Real Estate Index ETF by 74.8% in the 1st quarter. Sunbelt Securities Inc. now owns 29,789 shares of the company’s stock valued at $802,000 after acquiring an additional 12,747 shares during the last quarter. Talon Private Wealth LLC acquired a new stake in Fidelity MSCI Real Estate Index ETF in the 1st quarter valued at about $221,000. Sachem Hill LLC raised its holdings in Fidelity MSCI Real Estate Index ETF by 2.0% in the 1st quarter. Sachem Hill LLC now owns 90,648 shares of the company’s stock valued at $2,439,000 after acquiring an additional 1,809 shares during the last quarter. Finally, Prospect Financial Group LLC raised its holdings in Fidelity MSCI Real Estate Index ETF by 3.8% in the 1st quarter. Prospect Financial Group LLC now owns 116,981 shares of the company’s stock valued at $3,148,000 after acquiring an additional 4,244 shares during the last quarter.

Fidelity MSCI Real Estate Index ETF Trading Down 1.7%

FREL stock opened at $28.59 on Tuesday. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 34.96 and a beta of 1.00. Fidelity MSCI Real Estate Index ETF has a 12 month low of $26.37 and a 12 month high of $29.67. The firm has a 50-day moving average of $28.45 and a two-hundred day moving average of $27.95.

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.