Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Sees Significant Growth in Short Interest

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 142,215 shares, a growth of 175.9% from the June 15th total of 51,547 shares. Based on an average daily trading volume, of 263,061 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Trading of Fidelity MSCI Real Estate Index ETF

Several institutional investors have recently made changes to their positions in the business. Flagship Harbor Advisors LLC purchased a new position in Fidelity MSCI Real Estate Index ETF in the 4th quarter worth approximately $26,000. SHP Wealth Management bought a new position in Fidelity MSCI Real Estate Index ETF in the 4th quarter worth approximately $27,000. Transamerica Financial Advisors LLC grew its holdings in Fidelity MSCI Real Estate Index ETF by 147.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 1,835 shares of the company’s stock valued at $49,000 after buying an additional 1,094 shares in the last quarter. Fifth Third Bancorp grew its holdings in Fidelity MSCI Real Estate Index ETF by 180.3% during the 1st quarter. Fifth Third Bancorp now owns 1,881 shares of the company’s stock valued at $51,000 after buying an additional 1,210 shares in the last quarter. Finally, Stone House Investment Management LLC raised its position in shares of Fidelity MSCI Real Estate Index ETF by 33.0% during the fourth quarter. Stone House Investment Management LLC now owns 2,217 shares of the company’s stock valued at $60,000 after buying an additional 550 shares during the last quarter.

Fidelity MSCI Real Estate Index ETF Stock Up 0.5%

NYSEARCA:FREL opened at $29.71 on Tuesday. The business’s 50-day simple moving average is $29.34 and its two-hundred day simple moving average is $28.43. The stock has a market cap of $1.48 billion, a PE ratio of 34.96 and a beta of 0.98. Fidelity MSCI Real Estate Index ETF has a 52 week low of $26.37 and a 52 week high of $30.13.

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.