First Trust S&P REIT Index Fund (NYSEARCA:FRI) Short Interest Update

First Trust S&P REIT Index Fund (NYSEARCA:FRI) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 5,978 shares, an increase of 64.8% from the January 29th total of 3,627 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 26,038 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 26,038 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

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

Hedge funds have recently bought and sold shares of the business. Royal Bank of Canada raised its position in shares of First Trust S&P REIT Index Fund by 265.4% in the 4th quarter. Royal Bank of Canada now owns 149,934 shares of the company’s stock valued at $4,095,000 after purchasing an additional 108,899 shares in the last quarter. TrueWealth Financial Partners bought a new stake in shares of First Trust S&P REIT Index Fund in the fourth quarter worth $2,942,000. Susquehanna International Group LLP bought a new stake in shares of First Trust S&P REIT Index Fund in the third quarter worth $1,432,000. Benjamin Edwards Inc. raised its holdings in First Trust S&P REIT Index Fund by 85.2% in the third quarter. Benjamin Edwards Inc. now owns 99,184 shares of the company’s stock valued at $2,789,000 after acquiring an additional 45,635 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its stake in First Trust S&P REIT Index Fund by 60.3% during the 2nd quarter. Raymond James Financial Inc. now owns 110,493 shares of the company’s stock valued at $2,989,000 after acquiring an additional 41,547 shares during the last quarter.

First Trust S&P REIT Index Fund Price Performance

FRI stock remained flat at $30.23 during trading on Friday. 22,953 shares of the company’s stock were exchanged, compared to its average volume of 32,742. The company has a fifty day moving average of $28.41 and a two-hundred day moving average of $28.02. The firm has a market capitalization of $169.29 million, a P/E ratio of 35.23 and a beta of 1.01. First Trust S&P REIT Index Fund has a 52-week low of $23.15 and a 52-week high of $30.45.

First Trust S&P REIT Index Fund Company Profile

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.