Fidelity Real Estate Investment ETF (BATS:FPRO) Sees Significant Decrease in Short Interest

by · The Markets Daily

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

Institutional Trading of Fidelity Real Estate Investment ETF

An institutional investor recently bought a new stake in Fidelity Real Estate Investment ETF stock. Sunbelt Securities Inc. bought a new position in shares of Fidelity Real Estate Investment ETF (BATS:FPRO – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 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 Stock Performance

Shares of BATS FPRO opened at $25.06 on Friday. Fidelity Real Estate Investment ETF has a fifty-two week low of $21.95 and a fifty-two week high of $25.44. The company has a market cap of $16.92 million, a PE ratio of 40.43 and a beta of 1.03. The business has a 50-day simple moving average of $24.75 and a two-hundred day simple moving average of $23.73.

Fidelity Real Estate Investment ETF Company Profile

(Get Free Report)

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.

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