First Trust S&P REIT Index Fund (NYSEARCA:FRI) Short Interest Down 68.9% in May

First Trust S&P REIT Index Fund (NYSEARCA:FRI) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 17,027 shares, a decline of 68.9% from the May 14th total of 54,662 shares. Based on an average trading volume of 21,060 shares, the short-interest ratio is currently 0.8 days. Currently, 0.3% of the company’s stock are sold short.

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

Shares of FRI stock traded up $0.31 during trading hours on Friday, reaching $31.85. 8,727 shares of the company’s stock were exchanged, compared to its average volume of 27,992. First Trust S&P REIT Index Fund has a 1 year low of $26.50 and a 1 year high of $31.89. The stock has a market cap of $170.40 million, a PE ratio of 35.23 and a beta of 0.96. The stock’s fifty day moving average price is $30.61 and its two-hundred day moving average price is $29.19.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Arax Advisory Partners acquired a new stake in shares of First Trust S&P REIT Index Fund during the fourth quarter worth about $27,000. Western Wealth Management LLC acquired a new stake in shares of First Trust S&P REIT Index Fund during the first quarter worth about $67,000. Bank of Montreal Can acquired a new stake in shares of First Trust S&P REIT Index Fund during the fourth quarter worth about $72,000. Fifth Third Bancorp acquired a new stake in shares of First Trust S&P REIT Index Fund during the first quarter worth about $171,000. Finally, Comerica Bank lifted its holdings in shares of First Trust S&P REIT Index Fund by 400.5% during the fourth quarter. Comerica Bank now owns 6,011 shares of the company’s stock worth $164,000 after purchasing an additional 4,810 shares during the period.

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.