Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Short Interest Down 48.7% in February

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) was the target of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 32,325 shares, a decrease of 48.7% from the January 29th total of 63,046 shares. Based on an average trading volume of 434,594 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 434,594 shares, the days-to-cover ratio is currently 0.1 days.

Fidelity MSCI Real Estate Index ETF Stock Performance

Shares of NYSEARCA FREL opened at $28.99 on Friday. The stock’s 50-day simple moving average is $27.70 and its 200-day simple moving average is $27.56. The firm has a market capitalization of $1.44 billion, a PE ratio of 34.96 and a beta of 1.03. Fidelity MSCI Real Estate Index ETF has a fifty-two week low of $23.35 and a fifty-two week high of $29.06.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Flagship Harbor Advisors LLC acquired a new stake in Fidelity MSCI Real Estate Index ETF during the 4th quarter worth $26,000. Atlantic Union Bankshares Corp acquired a new position in Fidelity MSCI Real Estate Index ETF in the second quarter valued at $27,000. Geneos Wealth Management Inc. acquired a new position in Fidelity MSCI Real Estate Index ETF in the third quarter valued at $33,000. Transamerica Financial Advisors LLC grew its holdings in shares of Fidelity MSCI Real Estate Index ETF by 147.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 1,835 shares of the company’s stock worth $49,000 after purchasing an additional 1,094 shares during the last quarter. Finally, Stone House Investment Management LLC increased 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 worth $60,000 after purchasing an additional 550 shares in the last quarter.

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.