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 significant increase in short interest in July. As of July 31st, there was short interest totaling 11,396 shares, an increase of 204.8% from the July 15th total of 3,739 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 45,291 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of First Trust S&P REIT Index Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Harvest Investment Services LLC raised its holdings in First Trust S&P REIT Index Fund by 3.0% in the third 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 period. True Blue Financial LLC grew its stake in First Trust S&P REIT Index Fund by 0.6% during the first quarter. True Blue Financial LLC now owns 108,408 shares of the company’s stock worth $3,085,000 after buying an additional 685 shares during the period. Arax Advisory Partners purchased a new stake in First Trust S&P REIT Index Fund during the fourth quarter worth approximately $27,000. Bank of America Corp DE grew its stake in First Trust S&P REIT Index Fund by 5.3% during the third quarter. Bank of America Corp DE now owns 28,665 shares of the company’s stock worth $806,000 after buying an additional 1,430 shares during the period. Finally, Kestra Advisory Services LLC increased its position 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 acquiring an additional 2,118 shares in the last quarter.

First Trust S&P REIT Index Fund Stock Up 1.0%

Shares of NYSEARCA:FRI traded up $0.33 during trading on Thursday, reaching $32.08. The stock had a trading volume of 17,612 shares, compared to its average volume of 31,615. The business has a fifty day moving average price of $32.00 and a 200-day moving average price of $30.54. The stock has a market cap of $195.69 million, a P/E ratio of 35.23 and a beta of 0.94. First Trust S&P REIT Index Fund has a fifty-two week low of $26.68 and a fifty-two week high of $33.44.

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.