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

Fidelity Real Estate Investment ETF (BATS:FPRO) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 1,313 shares, a decrease of 69.9% from the September 15th total of 4,359 shares. Based on an average trading volume of 3,755 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.

Fidelity Real Estate Investment ETF Price Performance

Fidelity Real Estate Investment ETF stock opened at $23.59 on Tuesday. The stock has a fifty day moving average price of $24.44 and a two-hundred day moving average price of $24.60. Fidelity Real Estate Investment ETF has a 52-week low of $21.95 and a 52-week high of $26.30. The firm has a market capitalization of $15.92 million, a P/E ratio of 40.43 and a beta of 1.03.

Institutional Investors Weigh In On Fidelity Real Estate Investment ETF

Several large investors have recently made changes to their positions in the company. KFA Private Wealth Group LLC acquired a new stake in shares of Fidelity Real Estate Investment ETF during the 2nd quarter worth about $26,170,000. Envestnet Portfolio Solutions Inc. bought a new position in Fidelity Real Estate Investment ETF during the 2nd quarter valued at about $878,000. Concurrent Investment Advisors LLC acquired a new position in Fidelity Real Estate Investment ETF in the second quarter valued at about $279,000. Rehmann Capital Advisory Group acquired a new position in Fidelity Real Estate Investment ETF in the second quarter valued at about $157,000. Finally, Corient Private Wealth LP acquired a new position in Fidelity Real Estate Investment ETF in the second quarter valued at about $146,000.

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.