Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Short Interest Update

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) was the target of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 72,830 shares, a drop of 14.0% from the February 26th total of 84,706 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 359,006 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Fidelity MSCI Real Estate Index ETF

A number of large investors have recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its stake in Fidelity MSCI Real Estate Index ETF by 81.6% during the third 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 during the last quarter. AE Wealth Management LLC boosted its holdings in 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 purchasing an additional 380,393 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Fidelity MSCI Real Estate Index ETF by 82.7% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 761,510 shares of the company’s stock valued at $21,178,000 after purchasing an additional 344,617 shares during the last quarter. Citizens & Northern Corp increased its stake in Fidelity MSCI Real Estate Index ETF by 32.2% in the fourth quarter. Citizens & Northern Corp now owns 1,087,071 shares of the company’s stock valued at $29,231,000 after purchasing an additional 264,741 shares during the last quarter. Finally, Townsend Financial Planning LLC acquired a new stake in Fidelity MSCI Real Estate Index ETF during the fourth quarter worth approximately $4,524,000.

Fidelity MSCI Real Estate Index ETF Price Performance

Shares of FREL stock traded up $0.16 during trading hours on Tuesday, reaching $26.69. 53,177 shares of the stock were exchanged, compared to its average volume of 440,272. The business’s fifty day moving average is $27.99 and its two-hundred day moving average is $27.59. Fidelity MSCI Real Estate Index ETF has a 12-month low of $23.35 and a 12-month high of $29.21. The firm has a market capitalization of $1.33 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.