Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Short Interest Down 46.4% in December

by · The Cerbat Gem

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL – Get Free Report) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 94,902 shares, a drop of 46.4% from the December 15th total of 177,026 shares. Based on an average daily volume of 273,396 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 273,396 shares, the days-to-cover ratio is presently 0.3 days.

Fidelity MSCI Real Estate Index ETF Stock Up 0.7%

NYSEARCA:FREL traded up $0.18 during mid-day trading on Thursday, hitting $27.81. 8,690,466 shares of the company traded hands, compared to its average volume of 1,095,607. The stock’s fifty day moving average price is $27.18 and its 200-day moving average price is $27.40. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 34.96 and a beta of 1.03. Fidelity MSCI Real Estate Index ETF has a one year low of $23.35 and a one year high of $28.75.

Institutional Investors Weigh In On Fidelity MSCI Real Estate Index ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp purchased a new position in Fidelity MSCI Real Estate Index ETF during the second quarter valued at approximately $27,000. Geneos Wealth Management Inc. bought a new stake in shares of Fidelity MSCI Real Estate Index ETF during the 3rd quarter valued at $33,000. Realta Investment Advisors bought a new stake in shares of Fidelity MSCI Real Estate Index ETF during the 3rd quarter valued at $120,000. CIBC Private Wealth Group LLC purchased a new position in shares of Fidelity MSCI Real Estate Index ETF during the 3rd quarter valued at $139,000. Finally, Centennial Wealth Advisory LLC bought a new position in Fidelity MSCI Real Estate Index ETF in the 3rd quarter worth $203,000.

Fidelity MSCI Real Estate Index ETF Company Profile

(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.

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