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

First Trust S&P REIT Index Fund (NYSEARCA:FRI) was the recipient of a large drop in short interest in January. As of January 30th, there was short interest totaling 3,627 shares, a drop of 19.0% from the January 15th total of 4,478 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 37,545 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 37,545 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

First Trust S&P REIT Index Fund Stock Up 1.3%

Shares of First Trust S&P REIT Index Fund stock traded up $0.37 during mid-day trading on Monday, reaching $29.81. 7,995 shares of the stock traded hands, compared to its average volume of 36,610. The stock has a market capitalization of $166.94 million, a PE ratio of 35.23 and a beta of 1.01. The business has a 50-day moving average of $27.94 and a 200 day moving average of $27.82. First Trust S&P REIT Index Fund has a fifty-two week low of $23.15 and a fifty-two week high of $30.00.

Institutional Investors Weigh In On First Trust S&P REIT Index Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in FRI. Arax Advisory Partners purchased a new stake in shares of First Trust S&P REIT Index Fund during the fourth quarter worth $27,000. MTM Investment Management LLC acquired a new position in First Trust S&P REIT Index Fund during the second quarter worth about $49,000. Evolution Wealth Management Inc. purchased a new stake in First Trust S&P REIT Index Fund during the 2nd quarter valued at about $52,000. Bank of Montreal Can acquired a new stake in First Trust S&P REIT Index Fund in the 4th quarter valued at about $72,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in First Trust S&P REIT Index Fund in the 2nd quarter valued at about $133,000.

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.