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

Fidelity Real Estate Investment ETF (BATS:FPRO) was the target of a large decline in short interest during the month of October. As of October 30th, there was short interest totaling 227 shares, a decline of 77.6% from the October 15th total of 1,014 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 10,036 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Fidelity Real Estate Investment ETF

Several hedge funds and other institutional investors have recently bought and sold shares of FPRO. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Fidelity Real Estate Investment ETF during the second quarter worth $878,000. Integrated Wealth Concepts LLC acquired a new stake in Fidelity Real Estate Investment ETF during the 2nd quarter worth about $69,000. Corient Private Wealth LP acquired a new stake in Fidelity Real Estate Investment ETF during the 2nd quarter worth about $146,000. Concurrent Investment Advisors LLC acquired a new stake in Fidelity Real Estate Investment ETF during the 2nd quarter worth about $279,000. Finally, KFA Private Wealth Group LLC purchased a new position in shares of Fidelity Real Estate Investment ETF during the 2nd quarter valued at about $26,170,000.

Fidelity Real Estate Investment ETF Stock Performance

Shares of FPRO stock opened at $25.01 on Friday. Fidelity Real Estate Investment ETF has a fifty-two week low of $21.95 and a fifty-two week high of $26.30. The firm has a market capitalization of $15.01 million, a PE ratio of 31.33 and a beta of 0.93. The stock’s 50-day simple moving average is $23.96 and its 200-day simple moving average is $24.37.

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.