First Trust S&P REIT Index Fund (NYSEARCA:FRI) Sees Significant Growth in Short Interest

First Trust S&P REIT Index Fund (NYSEARCA:FRI) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 3,249 shares, a growth of 78.7% from the November 30th total of 1,818 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 32,859 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 32,859 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

First Trust S&P REIT Index Fund Trading Up 0.0%

NYSEARCA FRI opened at $27.41 on Friday. First Trust S&P REIT Index Fund has a 1-year low of $23.15 and a 1-year high of $28.91. The firm’s fifty day simple moving average is $27.77 and its 200-day simple moving average is $27.60. The company has a market capitalization of $145.27 million, a PE ratio of 35.23 and a beta of 1.01.

Institutional Investors Weigh In On First Trust S&P REIT Index Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Harvest Investment Services LLC lifted its holdings in shares of First Trust S&P REIT Index Fund by 3.0% during the 3rd quarter. Harvest Investment Services LLC now owns 14,666 shares of the company’s stock valued at $412,000 after buying an additional 429 shares during the last quarter. Susquehanna International Group LLP bought a new position in First Trust S&P REIT Index Fund during the third quarter valued at approximately $1,432,000. Citadel Advisors LLC bought a new position in First Trust S&P REIT Index Fund during the third quarter valued at approximately $379,000. Bank of America Corp DE lifted its stake in First Trust S&P REIT Index Fund by 5.3% in the third quarter. Bank of America Corp DE now owns 28,665 shares of the company’s stock valued at $806,000 after acquiring an additional 1,430 shares during the last quarter. Finally, Maia Wealth LLC grew its position in First Trust S&P REIT Index Fund by 31.7% in the third quarter. Maia Wealth LLC now owns 21,990 shares of the company’s stock worth $616,000 after acquiring an additional 5,290 shares in the last quarter.

About First Trust S&P REIT Index Fund

First Trust S&P REIT Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the S&P United States REIT Index (the Index). The Index measures the securitized United States real estate investment trust (REIT) market and maintains a constituency that reflects the composition of the overall REIT market. The Index contains securities selected for market representation according to geography and property type. All securities in the Index satisfy the Index’s liquidity, price and market capitalization requirements.