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

First Trust S&P REIT Index Fund (NYSEARCA:FRI) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 879 shares, a decrease of 72.9% from the December 15th total of 3,249 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 26,219 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 26,219 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

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

Several hedge funds have recently bought and sold shares of the company. MTM Investment Management LLC acquired a new position in shares of First Trust S&P REIT Index Fund in the 2nd quarter valued at approximately $49,000. Evolution Wealth Management Inc. bought a new position in First Trust S&P REIT Index Fund in the second quarter valued at approximately $52,000. Twin Peaks Wealth Advisors LLC acquired a new position in First Trust S&P REIT Index Fund during the second quarter valued at approximately $133,000. Private Advisor Group LLC bought a new stake in First Trust S&P REIT Index Fund during the third quarter worth $202,000. Finally, Orion Porfolio Solutions LLC acquired a new stake in shares of First Trust S&P REIT Index Fund in the 3rd quarter valued at $217,000.

First Trust S&P REIT Index Fund Trading Up 0.5%

NYSEARCA FRI traded up $0.13 during midday trading on Tuesday, hitting $27.88. The company had a trading volume of 74,851 shares, compared to its average volume of 47,985. The firm has a 50-day moving average price of $27.64 and a 200-day moving average price of $27.60. The company has a market capitalization of $151.95 million, a PE ratio of 35.23 and a beta of 1.01. First Trust S&P REIT Index Fund has a twelve month low of $23.15 and a twelve month high of $28.91.

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.