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

First Trust S&P REIT Index Fund (NYSEARCA:FRI) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 2,054 shares, a decline of 87.9% from the May 31st total of 17,027 shares. Based on an average daily volume of 20,404 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

First Trust S&P REIT Index Fund Price Performance

FRI stock traded up $0.26 on Friday, reaching $32.10. 12,048 shares of the company traded hands, compared to its average volume of 27,351. The firm has a fifty day simple moving average of $30.98 and a 200-day simple moving average of $29.42. The company has a market cap of $171.74 million, a P/E ratio of 35.23 and a beta of 0.96. First Trust S&P REIT Index Fund has a one year low of $26.50 and a one year high of $32.13.

Institutional Trading of First Trust S&P REIT Index Fund

Several institutional investors have recently bought and sold shares of FRI. Royal Bank of Canada raised its holdings in First Trust S&P REIT Index Fund by 265.4% in the fourth quarter. Royal Bank of Canada now owns 149,934 shares of the company’s stock worth $4,095,000 after buying an additional 108,899 shares during the last quarter. TrueWealth Financial Partners bought a new stake in shares of First Trust S&P REIT Index Fund during the fourth quarter valued at approximately $2,942,000. Susquehanna International Group LLP purchased a new position in First Trust S&P REIT Index Fund in the 3rd quarter worth approximately $1,432,000. Raymond James Financial Inc. lifted its position in First Trust S&P REIT Index Fund by 60.3% in 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 in the last quarter. Finally, TCP Asset Management LLC boosted its stake in First Trust S&P REIT Index Fund by 11.0% during the 4th quarter. TCP Asset Management LLC now owns 380,093 shares of the company’s stock valued at $10,380,000 after purchasing an additional 37,570 shares during the last quarter.

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.