Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Sees Large Drop in Short Interest

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 13,558 shares, a decrease of 90.5% from the June 30th total of 142,215 shares. Based on an average trading volume of 268,836 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Jones Financial Companies Lllp lifted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 1,833.6% during the first quarter. Jones Financial Companies Lllp now owns 13,632 shares of the company’s stock worth $374,000 after purchasing an additional 12,927 shares during the period. Focus Partners Wealth acquired a new position in Fidelity MSCI Real Estate Index ETF in the 1st quarter worth approximately $303,000. JPMorgan Chase & Co. raised its position in Fidelity MSCI Real Estate Index ETF by 33.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 56,975 shares of the company’s stock worth $1,541,000 after buying an additional 14,334 shares during the last quarter. Diversify Advisory Services LLC raised its position in Fidelity MSCI Real Estate Index ETF by 26.8% during the 2nd quarter. Diversify Advisory Services LLC now owns 50,011 shares of the company’s stock worth $1,351,000 after buying an additional 10,574 shares during the last quarter. Finally, Diversify Wealth Management LLC boosted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 2.3% in the 2nd quarter. Diversify Wealth Management LLC now owns 150,809 shares of the company’s stock valued at $4,073,000 after acquiring an additional 3,321 shares during the last quarter.

Fidelity MSCI Real Estate Index ETF Stock Performance

FREL stock traded up $0.62 during midday trading on Friday, reaching $30.59. The stock had a trading volume of 300,638 shares, compared to its average volume of 346,043. The stock has a market cap of $1.53 billion, a PE ratio of 34.96 and a beta of 0.98. The firm has a fifty day simple moving average of $29.52 and a two-hundred day simple moving average of $28.62. Fidelity MSCI Real Estate Index ETF has a 52-week low of $26.37 and a 52-week high of $30.72.

Fidelity MSCI Real Estate Index ETF Company Profile

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.