First Trust S&P REIT Index Fund (NYSEARCA:FRI) Shares Shorted: Short Interest Up 138.5% in October

First Trust S&P REIT Index Fund (NYSEARCA:FRI) saw a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 17,488 shares, a growth of 138.5% from the October 15th total of 7,333 shares. Based on an average daily trading volume, of 56,859 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FRI. RPg Family Wealth Advisory LLC raised its stake in shares of First Trust S&P REIT Index Fund by 3.8% during the 2nd quarter. RPg Family Wealth Advisory LLC now owns 12,549 shares of the company’s stock valued at $398,000 after buying an additional 463 shares during the last quarter. Risk Paradigm Group LLC lifted its holdings in shares of First Trust S&P REIT Index Fund by 3.9% in the 2nd quarter. Risk Paradigm Group LLC now owns 12,191 shares of the company’s stock valued at $386,000 after buying an additional 463 shares during the period. Chicago Partners Investment Group LLC boosted its stake in shares of First Trust S&P REIT Index Fund by 1.6% in the third quarter. Chicago Partners Investment Group LLC now owns 78,065 shares of the company’s stock worth $2,358,000 after buying an additional 1,236 shares during the last quarter. Kestra Advisory Services LLC boosted its stake in shares of First Trust S&P REIT Index Fund by 27.7% in the first quarter. Kestra Advisory Services LLC now owns 9,761 shares of the company’s stock worth $278,000 after buying an additional 2,118 shares during the last quarter. Finally, Western Wealth Management LLC acquired a new stake in First Trust S&P REIT Index Fund during the first quarter worth about $67,000.

First Trust S&P REIT Index Fund Trading Down 0.1%

NYSEARCA FRI traded down $0.03 on Friday, hitting $31.30. 30,963 shares of the company’s stock traded hands, compared to its average volume of 34,503. The firm’s 50-day moving average price is $30.34 and its two-hundred day moving average price is $30.63. The firm has a market capitalization of $206.58 million, a PE ratio of 31.32 and a beta of 0.92. First Trust S&P REIT Index Fund has a 1-year low of $27.11 and a 1-year high of $33.44.

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.