Fidelity Real Estate Investment ETF (BATS:FPRO) Short Interest Up 216.7% in July

Fidelity Real Estate Investment ETF (BATS:FPRO) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 9,328 shares, an increase of 216.7% from the July 15th total of 2,945 shares. Based on an average daily trading volume, of 3,815 shares, the days-to-cover ratio is presently 2.4 days. Approximately 1.4% of the company’s shares are short sold.

Fidelity Real Estate Investment ETF Stock Up 1.0%

FPRO stock opened at $25.11 on Thursday. The firm has a market cap of $16.95 million, a price-to-earnings ratio of 40.43 and a beta of 1.03. Fidelity Real Estate Investment ETF has a 12-month low of $21.95 and a 12-month high of $26.30. The company’s fifty day simple moving average is $25.20 and its 200 day simple moving average is $24.41.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Fidelity Real Estate Investment ETF stock. Sunbelt Securities Inc. bought a new stake in shares of Fidelity Real Estate Investment ETF (BATS:FPRO) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,700 shares of the company’s stock, valued at approximately $85,000. Sunbelt Securities Inc. owned approximately 0.55% of Fidelity Real Estate Investment ETF at the end of the most recent reporting period.

Fidelity Real Estate Investment ETF Company Profile

The Fidelity Real Estate Investment ETF (FPRO) is an exchange-traded fund that mostly invests in real estate equity. The fund is an actively-managed, non-transparent ETF that invests in global real estate companies. The fund utilizes the Fidelity non-transparent model. FPRO was launched on Feb 2, 2021 and is managed by Fidelity.