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

First Trust S&P REIT Index Fund (NYSEARCA:FRI) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 11,396 shares, a growth of 204.8% from the July 15th total of 3,739 shares. Based on an average daily volume of 45,291 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On First Trust S&P REIT Index Fund

Large investors have recently bought and sold shares of the stock. Cetera Investment Advisers raised its holdings in shares of First Trust S&P REIT Index Fund by 0.5% in the first quarter. Cetera Investment Advisers now owns 497,818 shares of the company’s stock worth $14,168,000 after acquiring an additional 2,350 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of First Trust S&P REIT Index Fund by 265.4% during the fourth quarter. Royal Bank of Canada now owns 149,934 shares of the company’s stock valued at $4,095,000 after acquiring an additional 108,899 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of 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 acquiring an additional 41,547 shares during the last quarter. True Blue Financial LLC increased its position in First Trust S&P REIT Index Fund by 0.6% during the 1st quarter. True Blue Financial LLC now owns 108,408 shares of the company’s stock worth $3,085,000 after purchasing an additional 685 shares in the last quarter. Finally, TrueWealth Financial Partners purchased a new stake in First Trust S&P REIT Index Fund during the 4th quarter worth about $2,942,000.

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

Shares of FRI stock traded up $0.33 during trading hours on Thursday, hitting $32.08. The company’s 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 of $32.00 and a 200-day moving average of $30.54. First Trust S&P REIT Index Fund has a twelve month low of $26.68 and a twelve month high of $33.44. The stock has a market cap of $195.69 million, a price-to-earnings ratio of 35.23 and a beta of 0.94.

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.