Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Short Interest Up 236.6% in December

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FRELGet Free Report) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 177,026 shares, a growth of 236.6% from the November 30th total of 52,585 shares. Based on an average daily volume of 393,485 shares, the short-interest ratio is currently 0.4 days. Currently, 0.5% of the shares of the stock are short sold. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 393,485 shares, the short-interest ratio is currently 0.4 days.

Fidelity MSCI Real Estate Index ETF Stock Performance

Shares of FREL opened at $26.99 on Friday. Fidelity MSCI Real Estate Index ETF has a 52-week low of $23.35 and a 52-week high of $28.75. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 34.96 and a beta of 1.03. The business’s fifty day moving average is $27.29 and its 200-day moving average is $27.40.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Atlantic Union Bankshares Corp bought a new position in shares of Fidelity MSCI Real Estate Index ETF in the second quarter worth about $27,000. Geneos Wealth Management Inc. acquired a new position in Fidelity MSCI Real Estate Index ETF during the 3rd quarter worth approximately $33,000. Realta Investment Advisors acquired a new position in Fidelity MSCI Real Estate Index ETF during the 3rd quarter worth approximately $120,000. Smartleaf Asset Management LLC lifted its stake in Fidelity MSCI Real Estate Index ETF by 45.3% in the 1st quarter. Smartleaf Asset Management LLC now owns 4,850 shares of the company’s stock valued at $132,000 after purchasing an additional 1,511 shares during the last quarter. Finally, CIBC Private Wealth Group LLC acquired a new stake in Fidelity MSCI Real Estate Index ETF in the third quarter valued at approximately $139,000.

About Fidelity MSCI Real Estate Index ETF

(Get Free Report)

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.

Further Reading

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