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

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 142,215 shares, an increase of 175.9% from the June 15th total of 51,547 shares. Based on an average daily trading volume, of 263,061 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Investors Weigh In On Fidelity MSCI Real Estate Index ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Jones Financial Companies Lllp increased 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 purchasing an additional 12,927 shares during the period. Focus Partners Wealth acquired a new stake in shares of Fidelity MSCI Real Estate Index ETF during the 1st quarter worth approximately $303,000. JPMorgan Chase & Co. raised its stake in shares of Fidelity MSCI Real Estate Index ETF by 33.6% in the second quarter. JPMorgan Chase & Co. now owns 56,975 shares of the company’s stock valued at $1,541,000 after purchasing an additional 14,334 shares in the last quarter. Diversify Advisory Services LLC boosted its stake in Fidelity MSCI Real Estate Index ETF by 26.8% during the second quarter. Diversify Advisory Services LLC now owns 50,011 shares of the company’s stock worth $1,351,000 after buying an additional 10,574 shares in the last quarter. Finally, Diversify Wealth Management LLC increased its holdings in Fidelity MSCI Real Estate Index ETF by 2.3% in the 2nd quarter. Diversify Wealth Management LLC now owns 150,809 shares of the company’s stock valued at $4,073,000 after buying an additional 3,321 shares during the period.

Fidelity MSCI Real Estate Index ETF Price Performance

Shares of NYSEARCA FREL traded up $0.09 during trading hours on Wednesday, hitting $29.73. 271,174 shares of the stock were exchanged, compared to its average volume of 352,322. Fidelity MSCI Real Estate Index ETF has a one year low of $26.37 and a one year high of $30.13. The company’s 50 day moving average is $29.35 and its 200 day moving average is $28.45. The firm has a market capitalization of $1.48 billion, a P/E 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.