Fidelity Real Estate Investment ETF (BATS:FPRO) Short Interest Up 216.7% in July

Fidelity Real Estate Investment ETF (BATS:FPRO) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 9,328 shares, a growth of 216.7% from the July 15th total of 2,945 shares. Currently, 1.4% of the company’s shares are sold short. Based on an average daily trading volume, of 3,815 shares, the short-interest ratio is presently 2.4 days.

Fidelity Real Estate Investment ETF Stock Up 1.0%

Shares of FPRO stock opened at $25.11 on Thursday. The firm has a 50 day moving average of $25.20 and a 200-day moving average of $24.41. The company has a market cap of $16.95 million, a price-to-earnings ratio of 40.43 and a beta of 1.03. Fidelity Real Estate Investment ETF has a 52 week low of $21.95 and a 52 week high of $26.30.

Institutional Investors Weigh In On Fidelity Real Estate Investment ETF

A hedge fund recently bought a new stake in Fidelity Real Estate Investment ETF stock. Sunbelt Securities Inc. purchased a new stake in Fidelity Real Estate Investment ETF (BATS:FPRO) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,700 shares of the company’s stock, valued at approximately $85,000. Sunbelt Securities Inc. owned approximately 0.55% of Fidelity Real Estate Investment ETF at the end of the most recent quarter.

Fidelity Real Estate Investment ETF Company Profile

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.