Fidelity Real Estate Investment ETF (BATS:FPRO) Short Interest Down 88.0% in June

Fidelity Real Estate Investment ETF (BATS:FPRO) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 2,538 shares, a decline of 88.0% from the May 31st total of 21,138 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 2,948 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On Fidelity Real Estate Investment ETF

A hedge fund recently bought a new position in Fidelity Real Estate Investment ETF stock. Sunbelt Securities Inc. purchased a new stake in shares of Fidelity Real Estate Investment ETF (BATS:FPRO) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,700 shares of the company’s stock, valued at approximately $85,000. Sunbelt Securities Inc. owned about 0.55% of Fidelity Real Estate Investment ETF at the end of the most recent quarter.

Fidelity Real Estate Investment ETF Price Performance

Shares of FPRO stock opened at $25.06 on Friday. The company’s fifty day simple moving average is $24.75 and its two-hundred day simple moving average is $23.73. Fidelity Real Estate Investment ETF has a 52 week low of $21.95 and a 52 week high of $25.44. The stock has a market cap of $16.92 million, a P/E ratio of 40.43 and a beta of 1.03.

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.