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

First Trust S&P REIT Index Fund (NYSEARCA:FRI) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 2,054 shares, a decrease of 87.9% from the May 31st total of 17,027 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 20,404 shares, the short-interest ratio is currently 0.1 days.

First Trust S&P REIT Index Fund Stock Up 1.2%

FRI traded up $0.38 during trading on Friday, reaching $32.22. The company’s stock had a trading volume of 17,087 shares, compared to its average volume of 27,443. The company has a market cap of $172.38 million, a price-to-earnings ratio of 35.23 and a beta of 0.96. The firm has a fifty day simple moving average of $31.02 and a two-hundred day simple moving average of $29.44. First Trust S&P REIT Index Fund has a 1 year low of $26.50 and a 1 year high of $32.22.

Institutional Trading of First Trust S&P REIT Index Fund

Several large investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers boosted its position in shares of First Trust S&P REIT Index Fund by 0.5% during the 1st quarter. Cetera Investment Advisers now owns 497,818 shares of the company’s stock valued at $14,168,000 after acquiring an additional 2,350 shares during the last quarter. TCP Asset Management LLC lifted its holdings in First Trust S&P REIT Index Fund by 11.0% in the fourth 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. Royal Bank of Canada grew its position in First Trust S&P REIT Index Fund by 265.4% in the fourth quarter. Royal Bank of Canada now owns 149,934 shares of the company’s stock worth $4,095,000 after acquiring an additional 108,899 shares during the period. Raymond James Financial Inc. grew its position in First Trust S&P REIT Index Fund by 60.3% in the second quarter. Raymond James Financial Inc. now owns 110,493 shares of the company’s stock worth $2,989,000 after acquiring an additional 41,547 shares during the period. Finally, True Blue Financial LLC increased 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 acquiring an additional 685 shares during the last quarter.

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.