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

First Trust S&P REIT Index Fund (NYSEARCA:FRI) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 17,062 shares, an increase of 730.7% from the June 15th total of 2,054 shares. Based on an average daily volume of 21,485 shares, the short-interest ratio is presently 0.8 days. Currently, 0.3% of the shares of the company are sold short.

First Trust S&P REIT Index Fund Stock Performance

Shares of NYSEARCA FRI opened at $31.85 on Monday. First Trust S&P REIT Index Fund has a fifty-two week low of $26.50 and a fifty-two week high of $32.46. The stock has a fifty day moving average of $31.31 and a 200-day moving average of $29.77. The stock has a market cap of $183.14 million, a PE ratio of 35.23 and a beta of 0.95.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada raised its position in shares of First Trust S&P REIT Index Fund by 265.4% during the 4th quarter. Royal Bank of Canada now owns 149,934 shares of the company’s stock valued at $4,095,000 after buying 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 4th quarter worth approximately $2,942,000. Susquehanna International Group LLP bought a new position in shares of First Trust S&P REIT Index Fund during the 3rd quarter valued at $1,432,000. Raymond James Financial Inc. boosted its position in First Trust S&P REIT Index Fund by 60.3% during the second quarter. Raymond James Financial Inc. now owns 110,493 shares of the company’s stock valued at $2,989,000 after buying an additional 41,547 shares during the period. Finally, TCP Asset Management LLC lifted its stake in shares of First Trust S&P REIT Index Fund by 11.0% in the 4th quarter. TCP Asset Management LLC now owns 380,093 shares of the company’s stock valued at $10,380,000 after acquiring 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.