Short Interest in First Trust S&P REIT Index Fund (NYSEARCA:FRI) Rises By 78.7%

First Trust S&P REIT Index Fund (NYSEARCA:FRI) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 3,249 shares, an increase of 78.7% from the November 30th total of 1,818 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 32,859 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 32,859 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On First Trust S&P REIT Index Fund

A number of large investors have recently modified their holdings of FRI. Harvest Investment Services LLC boosted its position in First Trust S&P REIT Index Fund by 3.0% during the third quarter. Harvest Investment Services LLC now owns 14,666 shares of the company’s stock worth $412,000 after purchasing an additional 429 shares during the period. AE Wealth Management LLC lifted its stake in shares of First Trust S&P REIT Index Fund by 1.2% during the 3rd 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 during the last quarter. Bank of America Corp DE boosted its holdings in shares of First Trust S&P REIT Index Fund by 5.3% during the 3rd 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. MTM Investment Management LLC acquired a new position in First Trust S&P REIT Index Fund in the 2nd quarter valued at about $49,000. Finally, Envestnet Asset Management Inc. raised its holdings in First Trust S&P REIT Index Fund by 5.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 39,325 shares of the company’s stock valued at $1,064,000 after acquiring an additional 1,858 shares during the period.

First Trust S&P REIT Index Fund Trading Up 0.2%

Shares of FRI stock traded up $0.05 on Monday, hitting $27.46. 12,663 shares of the stock were exchanged, compared to its average volume of 37,972. The firm has a market capitalization of $145.54 million, a P/E ratio of 35.23 and a beta of 1.01. The business has a 50-day moving average of $27.75 and a 200 day moving average of $27.59. First Trust S&P REIT Index Fund has a fifty-two week low of $23.15 and a fifty-two week high of $28.91.

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.