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

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totaling 94,902 shares, a decline of 46.4% from the December 15th total of 177,026 shares. Based on an average trading volume of 273,396 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are short sold. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 273,396 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. PKS Advisory Services LLC grew its holdings in shares of Fidelity MSCI Real Estate Index ETF by 1.1% during the third quarter. PKS Advisory Services LLC now owns 35,085 shares of the company’s stock valued at $976,000 after buying an additional 398 shares during the last quarter. Independent Solutions Wealth Management LLC lifted its position in Fidelity MSCI Real Estate Index ETF by 0.3% in the 3rd quarter. Independent Solutions Wealth Management LLC now owns 115,915 shares of the company’s stock valued at $3,224,000 after acquiring an additional 404 shares in the last quarter. Snider Financial Group lifted its position in Fidelity MSCI Real Estate Index ETF by 2.7% in the 2nd quarter. Snider Financial Group now owns 16,519 shares of the company’s stock valued at $447,000 after acquiring an additional 432 shares in the last quarter. Palisades Hudson Asset Management L.P. boosted its stake in Fidelity MSCI Real Estate Index ETF by 0.7% during the 3rd quarter. Palisades Hudson Asset Management L.P. now owns 61,594 shares of the company’s stock valued at $1,713,000 after purchasing an additional 453 shares during the last quarter. Finally, Essential Planning LLC. boosted its stake in Fidelity MSCI Real Estate Index ETF by 0.4% during the 3rd quarter. Essential Planning LLC. now owns 131,973 shares of the company’s stock valued at $3,670,000 after purchasing an additional 470 shares during the last quarter.

Fidelity MSCI Real Estate Index ETF Stock Up 0.7%

Shares of NYSEARCA:FREL traded up $0.18 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 has a 50 day simple moving average of $27.18 and a 200-day simple moving average of $27.40. The company has a market cap of $1.12 billion, a PE ratio of 34.96 and a beta of 1.03. Fidelity MSCI Real Estate Index ETF has a 52 week low of $23.35 and a 52 week high of $28.75.

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.