First Trust S&P REIT Index Fund (NYSEARCA:FRI) Shares Shorted: Short Interest Up 138.5% in October

First Trust S&P REIT Index Fund (NYSEARCA:FRI) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 17,488 shares, an increase of 138.5% from the October 15th total of 7,333 shares. Based on an average daily volume of 56,859 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the shares of the company are sold short.

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

Large investors have recently made changes to their positions in the company. Chicago Partners Investment Group LLC grew its position in First Trust S&P REIT Index Fund by 1.6% during the third quarter. Chicago Partners Investment Group LLC now owns 78,065 shares of the company’s stock valued at $2,358,000 after buying an additional 1,236 shares during the period. Maia Wealth LLC increased its holdings in First Trust S&P REIT Index Fund by 16.5% in the third quarter. Maia Wealth LLC now owns 39,338 shares of the company’s stock valued at $1,163,000 after buying an additional 5,567 shares in the last quarter. Encompass More Asset Management purchased a new position in First Trust S&P REIT Index Fund in the third quarter valued at $258,000. Envestnet Asset Management Inc. raised its position in shares of First Trust S&P REIT Index Fund by 7.6% in the second quarter. Envestnet Asset Management Inc. now owns 53,540 shares of the company’s stock worth $1,697,000 after acquiring an additional 3,772 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of First Trust S&P REIT Index Fund in the second quarter worth about $92,000.

First Trust S&P REIT Index Fund Stock Down 0.1%

Shares of NYSEARCA FRI traded down $0.03 during midday trading on Friday, reaching $31.30. 30,963 shares of the stock were exchanged, compared to its average volume of 34,503. The firm has a market cap of $206.58 million, a price-to-earnings ratio of 31.32 and a beta of 0.92. First Trust S&P REIT Index Fund has a twelve month low of $27.11 and a twelve month high of $33.44. The firm has a 50-day simple moving average of $30.34 and a two-hundred day simple moving average of $30.63.

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.