Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Short Interest Down 39.1% in May

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 93,164 shares, a decrease of 39.1% from the May 14th total of 152,935 shares. Based on an average trading volume of 216,152 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Trading of Fidelity MSCI Real Estate Index ETF

A number of institutional investors and hedge funds have recently made changes to their positions in FREL. Jones Financial Companies Lllp lifted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 1,833.6% during the 1st quarter. Jones Financial Companies Lllp now owns 13,632 shares of the company’s stock worth $374,000 after acquiring an additional 12,927 shares during the period. Focus Partners Wealth acquired a new position in Fidelity MSCI Real Estate Index ETF during the 1st quarter worth approximately $303,000. JPMorgan Chase & Co. increased its position in Fidelity MSCI Real Estate Index ETF by 33.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 56,975 shares of the company’s stock worth $1,541,000 after purchasing an additional 14,334 shares in the last quarter. Diversify Advisory Services LLC increased its position in Fidelity MSCI Real Estate Index ETF by 26.8% during the 2nd quarter. Diversify Advisory Services LLC now owns 50,011 shares of the company’s stock worth $1,351,000 after purchasing an additional 10,574 shares in the last quarter. Finally, Diversify Wealth Management LLC increased its position in Fidelity MSCI Real Estate Index ETF by 2.3% during the 2nd quarter. Diversify Wealth Management LLC now owns 150,809 shares of the company’s stock worth $4,073,000 after purchasing an additional 3,321 shares in the last quarter.

Fidelity MSCI Real Estate Index ETF Stock Performance

Shares of Fidelity MSCI Real Estate Index ETF stock traded up $0.04 on Tuesday, reaching $29.77. 168,348 shares of the stock were exchanged, compared to its average volume of 365,871. The firm’s 50 day moving average is $28.97 and its 200-day moving average is $28.10. Fidelity MSCI Real Estate Index ETF has a one year low of $26.37 and a one year high of $30.13. The firm has a market cap of $1.47 billion, a PE ratio of 34.96 and a beta of 0.98.

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.