Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Short Interest Down 48.7% in February

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) was the target of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 32,325 shares, a decrease of 48.7% from the January 29th total of 63,046 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 434,594 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 434,594 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Fidelity MSCI Real Estate Index ETF Trading Up 0.7%

Shares of FREL opened at $28.99 on Friday. The stock has a 50-day moving average price of $27.70 and a 200-day moving average price of $27.56. The company has a market cap of $1.44 billion, a PE ratio of 34.96 and a beta of 1.03. Fidelity MSCI Real Estate Index ETF has a 12-month low of $23.35 and a 12-month high of $29.06.

Institutional Investors Weigh In On Fidelity MSCI Real Estate Index ETF

A number of hedge funds have recently made changes to their positions in the business. Compound Planning Inc. purchased a new position in shares of Fidelity MSCI Real Estate Index ETF in the fourth quarter worth about $649,000. Corient Private Wealth LLC increased its stake in Fidelity MSCI Real Estate Index ETF by 5.4% in the 4th quarter. Corient Private Wealth LLC now owns 8,090 shares of the company’s stock worth $218,000 after purchasing an additional 411 shares during the period. Cetera Investment Advisers lifted its position in Fidelity MSCI Real Estate Index ETF by 5.3% in the fourth quarter. Cetera Investment Advisers now owns 431,015 shares of the company’s stock valued at $11,590,000 after purchasing an additional 21,574 shares during the last quarter. Townsend Financial Planning LLC bought a new stake in Fidelity MSCI Real Estate Index ETF in the fourth quarter valued at approximately $4,524,000. Finally, Royal Bank of Canada boosted its stake in shares of Fidelity MSCI Real Estate Index ETF by 48.2% during the fourth quarter. Royal Bank of Canada now owns 111,061 shares of the company’s stock valued at $2,986,000 after purchasing an additional 36,144 shares during the period.

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.