Short Interest in First Trust S&P REIT Index Fund (NYSEARCA:FRI) Grows By 204.8%

First Trust S&P REIT Index Fund (NYSEARCA:FRIGet Free Report) was the target of a large 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 trading 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 Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Gateway Wealth Partners LLC purchased a new position in shares of First Trust S&P REIT Index Fund in the first quarter worth $308,000. Fifth Third Bancorp purchased a new position in First Trust S&P REIT Index Fund during the first quarter valued at $171,000. Arax Advisory Partners bought a new stake in First Trust S&P REIT Index Fund in the 4th quarter valued at $27,000. Kestra Advisory Services LLC bought a new stake in First Trust S&P REIT Index Fund in the 4th quarter valued at $209,000. Finally, Bank of Montreal Can purchased a new stake in First Trust S&P REIT Index Fund in the 4th quarter worth $72,000.

First Trust S&P REIT Index Fund Stock Performance

Shares of First Trust S&P REIT Index Fund stock traded up $0.06 during trading hours on Friday, hitting $32.14. The company’s stock had a trading volume of 43,921 shares, compared to its average volume of 31,694. The business has a 50 day moving average price of $32.03 and a two-hundred day moving average price of $30.57. First Trust S&P REIT Index Fund has a 12-month low of $26.77 and a 12-month high of $33.44. The company has a market cap of $196.05 million, a PE ratio of 35.23 and a beta of 0.94.

First Trust S&P REIT Index Fund Company Profile

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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.

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