First Trust S&P REIT Index Fund (NYSEARCA:FRI – Get Free Report) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 11,396 shares, an increase of 204.8% from the July 15th total of 3,739 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 45,291 shares, the days-to-cover ratio is currently 0.3 days.
Institutional Trading of First Trust S&P REIT Index Fund
A number of hedge funds have recently made changes to their positions in the company. Royal Bank of Canada increased its position 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 worth $4,095,000 after acquiring an additional 108,899 shares during the last quarter. TrueWealth Financial Partners purchased a new position in First Trust S&P REIT Index Fund in the fourth quarter valued at about $2,942,000. Susquehanna International Group LLP acquired a new stake in First Trust S&P REIT Index Fund during the 3rd quarter valued at approximately $1,432,000. Raymond James Financial Inc. increased its holdings in First Trust S&P REIT Index Fund by 60.3% during the 2nd quarter. Raymond James Financial Inc. now owns 110,493 shares of the company’s stock worth $2,989,000 after purchasing an additional 41,547 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in First Trust S&P REIT Index Fund by 261.4% during the 4th quarter. Stifel Financial Corp now owns 48,804 shares of the company’s stock worth $1,333,000 after purchasing an additional 35,298 shares during the last quarter.
First Trust S&P REIT Index Fund Stock Up 0.2%
Shares of FRI stock traded up $0.06 on Friday, reaching $32.14. 43,921 shares of the stock were exchanged, compared to its average volume of 31,694. The stock has a market cap of $196.05 million, a P/E ratio of 35.23 and a beta of 0.94. The firm has a 50 day moving average of $32.05 and a two-hundred day moving average of $30.58. First Trust S&P REIT Index Fund has a 1-year low of $26.77 and a 1-year high of $33.44.
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.
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