First Trust S&P REIT Index Fund (NYSEARCA:FRI – Get Free Report) was the target of a large growth in short interest in 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 short-interest ratio is currently 0.3 days. Currently, 0.4% of the shares of the stock are short sold.
First Trust S&P REIT Index Fund Price Performance
Shares of First Trust S&P REIT Index Fund stock traded down $0.22 during trading hours on Friday, reaching $31.63. The company’s stock had a trading volume of 11,034 shares, compared to its average volume of 30,727. The firm has a 50 day moving average price of $32.18 and a 200-day moving average price of $30.85. The stock has a market cap of $192.94 million, a P/E ratio of 35.23 and a beta of 0.94. First Trust S&P REIT Index Fund has a one year low of $27.11 and a one year high of $33.44.
Institutional Investors Weigh In On First Trust S&P REIT Index Fund
Institutional investors have recently modified their holdings of the stock. Arax Advisory Partners bought a new position in shares of First Trust S&P REIT Index Fund during the 4th quarter valued at approximately $27,000. Western Wealth Management LLC bought a new stake in First Trust S&P REIT Index Fund in the first quarter worth $67,000. Bank of Montreal Can bought a new stake in First Trust S&P REIT Index Fund in the fourth quarter worth $72,000. Comerica Bank boosted its stake in 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 buying an additional 4,810 shares during the period. Finally, Fifth Third Bancorp purchased a new position in First Trust S&P REIT Index Fund during the first quarter worth $171,000.
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.
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