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 growth in short interest in the month of February. As of February 27th, there was short interest totaling 9,319 shares, a growth of 55.9% from the February 12th total of 5,978 shares. Based on an average trading volume of 19,908 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 19,908 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FRI. Harvest Investment Services LLC increased its holdings in 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 worth $412,000 after acquiring an additional 429 shares during the period. Arax Advisory Partners purchased a new stake in shares of First Trust S&P REIT Index Fund in the fourth quarter worth $27,000. AE Wealth Management LLC raised its position in shares of First Trust S&P REIT Index Fund by 1.2% in the third quarter. AE Wealth Management LLC now owns 85,305 shares of the company’s stock worth $2,398,000 after buying an additional 1,006 shares in the last quarter. Bank of America Corp DE boosted 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 valued at $806,000 after buying an additional 1,430 shares during the period. Finally, MTM Investment Management LLC bought a new stake in First Trust S&P REIT Index Fund during the second quarter valued at $49,000.

First Trust S&P REIT Index Fund Price Performance

Shares of First Trust S&P REIT Index Fund stock traded down $0.07 during trading hours on Friday, reaching $29.21. The company had a trading volume of 18,678 shares, compared to its average volume of 31,449. The firm has a market cap of $163.58 million, a PE ratio of 35.23 and a beta of 1.01. First Trust S&P REIT Index Fund has a one year low of $23.15 and a one year high of $30.45. The business has a fifty day simple moving average of $28.89 and a 200 day simple moving average of $28.18.

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.