Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Short Interest Up 87.0% in August

by · The Markets Daily

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL – Get Free Report) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 68,791 shares, an increase of 87.0% from the August 15th total of 36,780 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 389,199 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Mach 1 Financial Group LLC purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF in the fourth quarter worth $1,038,000. Riverpoint Wealth Management Holdings LLC raised its position in shares of Fidelity MSCI Real Estate Index ETF by 5.6% in the 4th quarter. Riverpoint Wealth Management Holdings LLC now owns 525,783 shares of the company’s stock worth $14,138,000 after purchasing an additional 27,878 shares during the last quarter. Livet Wealth LLC bought a new position in Fidelity MSCI Real Estate Index ETF in the 4th quarter worth about $2,216,000. Marotta Asset Management boosted its stake in Fidelity MSCI Real Estate Index ETF by 16.1% in the 1st quarter. Marotta Asset Management now owns 252,566 shares of the company’s stock worth $6,819,000 after purchasing an additional 35,105 shares in the last quarter. Finally, Northwest Wealth Advisors LLC purchased a new stake in Fidelity MSCI Real Estate Index ETF during the 4th quarter valued at about $690,000.

Fidelity MSCI Real Estate Index ETF Trading Up 0.3%

Fidelity MSCI Real Estate Index ETF stock traded up $0.09 during trading hours on Thursday, hitting $28.43. 180,078 shares of the stock traded hands, compared to its average volume of 334,601. Fidelity MSCI Real Estate Index ETF has a one year low of $26.37 and a one year high of $30.92. The firm’s 50-day moving average price is $29.69 and its two-hundred day moving average price is $29.07. The company has a market cap of $1.42 billion, a PE ratio of 34.96 and a beta of 0.97.

About Fidelity MSCI Real Estate Index ETF

(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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