FREL Stock Summary and Trading Ideas (Fidelity MSCI Real Estate Index ETF | ARCA:FREL)

Seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Real Estate 25/25 Index. Investing at least 80% of assets in securities included in the funds underlying index. The funds underlying index is the MSCI USA IMI Real Estate 25/25 Index, which represents the performance of the real estate sector in the U.S. equity market. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability and yield) and liquidity measures similar to those of the index.

Fidelity MSCI Real Estate Index ETF trades on the ARCA stock market under the symbol FREL.

As of April 19, 2024, FREL stock price climbed to $23.85 with 181,828 million shares trading.

FREL has a beta of 1.21, meaning it tends to be more sensitive to market movements. FREL has a correlation of 0.56 to the broad based SPY ETF.

FREL has a market cap of $883.64 million. This is considered a Small Cap stock.

In the last 3 years, FREL stock traded as high as $34.94 and as low as $21.24.

FREL has underperformed the market in the last year with a price return of -0.7% while the SPY ETF gained +21.2%. FREL has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -6.4% and -5.8%, respectively, while the SPY returned +3.0% and -4.5%, respectively.

FREL support price is $23.44 and resistance is $24.02 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FREL stock will trade within this expected range on the day.