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

First Trust S&P REIT Index Fund (NYSEARCA:FRI) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 22,227 shares, a growth of 95.0% from the July 30th total of 11,396 shares. Based on an average daily trading volume, of 75,142 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.4% of the shares of the company are short sold.

First Trust S&P REIT Index Fund Stock Down 0.8%

FRI stock opened at $31.39 on Tuesday. First Trust S&P REIT Index Fund has a twelve month low of $27.11 and a twelve month high of $33.44. The stock has a market cap of $191.48 million, a P/E ratio of 35.23 and a beta of 0.94. The business’s 50-day moving average price is $32.18 and its 200-day moving average price is $30.88.

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

Several large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in shares of 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 purchasing an additional 108,899 shares in the last quarter. TrueWealth Financial Partners bought a new position in First Trust S&P REIT Index Fund in the 4th quarter worth $2,942,000. Susquehanna International Group LLP purchased a new stake in First Trust S&P REIT Index Fund in the 3rd quarter worth $1,432,000. Raymond James Financial Inc. increased its stake in First Trust S&P REIT Index Fund by 60.3% in the 2nd quarter. Raymond James Financial Inc. now owns 110,493 shares of the company’s stock worth $2,989,000 after buying an additional 41,547 shares in the last quarter. Finally, Stifel Financial Corp raised its holdings in First Trust S&P REIT Index Fund by 261.4% during the fourth quarter. Stifel Financial Corp now owns 48,804 shares of the company’s stock valued at $1,333,000 after acquiring an additional 35,298 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.