Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Shares Shorted: Short Interest Down 87.7% in October

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 11,393 shares, a decline of 87.7% from the September 30th total of 92,878 shares. Based on an average daily trading volume, of 355,403 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On Fidelity MSCI Real Estate Index ETF

Several hedge funds have recently bought and sold shares of FREL. Riverpoint Wealth Management Holdings LLC boosted its stake in Fidelity MSCI Real Estate Index ETF by 5.7% during the first quarter. Riverpoint Wealth Management Holdings LLC now owns 555,858 shares of the company’s stock valued at $14,958,000 after buying an additional 30,075 shares during the period. Fifth Third Securities Inc. purchased a new position in Fidelity MSCI Real Estate Index ETF during the third quarter worth about $1,792,000. Marotta Asset Management increased its stake in Fidelity MSCI Real Estate Index ETF by 16.1% in the 1st quarter. Marotta Asset Management now owns 252,566 shares of the company’s stock worth $6,819,000 after acquiring an additional 35,105 shares during the last quarter. Diversify Advisory Services LLC increased its stake in Fidelity MSCI Real Estate Index ETF by 8.0% in the 3rd quarter. Diversify Advisory Services LLC now owns 376,148 shares of the company’s stock worth $10,431,000 after acquiring an additional 27,912 shares during the last quarter. Finally, Diversify Wealth Management LLC increased its stake in Fidelity MSCI Real Estate Index ETF by 49.4% in the 1st quarter. Diversify Wealth Management LLC now owns 329,694 shares of the company’s stock worth $9,492,000 after acquiring an additional 109,052 shares during the last quarter.

Fidelity MSCI Real Estate Index ETF Stock Performance

NYSEARCA:FREL opened at $27.85 on Thursday. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 34.96 and a beta of 0.97. Fidelity MSCI Real Estate Index ETF has a 52-week low of $26.37 and a 52-week high of $30.92. The business’s fifty day moving average is $28.31 and its 200 day moving average is $28.68.

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.