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

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 36,780 shares, an increase of 114.0% from the July 30th total of 17,188 shares. Based on an average daily volume of 308,567 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Payne Capital Management LLC grew its stake in Fidelity MSCI Real Estate Index ETF by 6.5% during the fourth quarter. Payne Capital Management LLC now owns 297,826 shares of the company’s stock worth $8,009,000 after buying an additional 18,192 shares during the last quarter. Mach 1 Financial Group LLC bought a new position in shares of Fidelity MSCI Real Estate Index ETF in the fourth quarter valued at approximately $1,038,000. Riverpoint Wealth Management Holdings LLC raised its stake in shares of Fidelity MSCI Real Estate Index ETF by 5.6% in the fourth quarter. Riverpoint Wealth Management Holdings LLC now owns 525,783 shares of the company’s stock valued at $14,138,000 after acquiring an additional 27,878 shares during the last quarter. Summit Wealth Group LLC Co. acquired a new position in shares of Fidelity MSCI Real Estate Index ETF in the 4th quarter worth approximately $1,223,000. Finally, Livet Wealth LLC acquired a new position in shares of Fidelity MSCI Real Estate Index ETF in the 4th quarter worth approximately $2,216,000.

Fidelity MSCI Real Estate Index ETF Stock Performance

Shares of FREL opened at $29.53 on Monday. The stock has a market cap of $1.47 billion, a PE ratio of 34.96 and a beta of 0.97. Fidelity MSCI Real Estate Index ETF has a 1 year low of $26.37 and a 1 year high of $30.92. The stock has a 50 day simple moving average of $29.87 and a 200-day simple moving average of $29.05.

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.