Fidelity Real Estate Investment ETF (BATS:FPRO) Sees Large Decline in Short Interest

Fidelity Real Estate Investment ETF (BATS:FPRO) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 3,750 shares, a drop of 59.8% from the July 30th total of 9,328 shares. Based on an average daily volume of 3,931 shares, the short-interest ratio is presently 1.0 days. Currently, 0.6% of the shares of the stock are sold short.

Institutional Investors Weigh In On Fidelity Real Estate Investment ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Concurrent Investment Advisors LLC purchased a new position in Fidelity Real Estate Investment ETF during the second quarter valued at $279,000. Corient Private Wealth LP acquired a new position in shares of Fidelity Real Estate Investment ETF during the 2nd quarter worth about $146,000. Proficio Capital Partners LLC purchased a new position in Fidelity Real Estate Investment ETF in the 2nd quarter valued at about $140,000. Rehmann Capital Advisory Group acquired a new stake in Fidelity Real Estate Investment ETF in the 2nd quarter worth about $157,000. Finally, Nwam LLC purchased a new stake in Fidelity Real Estate Investment ETF during the 2nd quarter worth approximately $90,000.

Fidelity Real Estate Investment ETF Price Performance

Fidelity Real Estate Investment ETF stock opened at $25.20 on Friday. The stock has a market capitalization of $17.01 million, a PE ratio of 40.43 and a beta of 1.03. Fidelity Real Estate Investment ETF has a 12 month low of $21.95 and a 12 month high of $26.30. The business has a 50 day simple moving average of $25.29 and a 200-day simple moving average of $24.60.

About Fidelity Real Estate Investment ETF

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.