Short Interest in First Trust S&P REIT Index Fund (NYSEARCA:FRI) Rises By 55.9%

First Trust S&P REIT Index Fund (NYSEARCA:FRI) was the recipient of a significant growth in short interest in February. As of February 27th, there was short interest totaling 9,319 shares, a growth of 55.9% from the February 12th total of 5,978 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 19,908 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 19,908 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are short sold.

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

Several institutional investors have recently made changes to their positions in FRI. TCP Asset Management LLC raised its position in First Trust S&P REIT Index Fund by 11.0% in the 4th quarter. TCP Asset Management LLC now owns 380,093 shares of the company’s stock valued at $10,380,000 after buying an additional 37,570 shares during the last quarter. Royal Bank of Canada boosted its position in shares of First Trust S&P REIT Index Fund by 265.4% in the fourth quarter. Royal Bank of Canada now owns 149,934 shares of the company’s stock valued at $4,095,000 after acquiring an additional 108,899 shares during the period. Raymond James Financial Inc. grew its position in First Trust S&P REIT Index Fund by 60.3% during the second quarter. Raymond James Financial Inc. now owns 110,493 shares of the company’s stock worth $2,989,000 after buying an additional 41,547 shares in the last quarter. TrueWealth Financial Partners bought a new position in shares of First Trust S&P REIT Index Fund in the fourth quarter worth approximately $2,942,000. Finally, Benjamin Edwards Inc. increased its holdings in shares of First Trust S&P REIT Index Fund by 85.2% in the 3rd quarter. Benjamin Edwards Inc. now owns 99,184 shares of the company’s stock worth $2,789,000 after buying an additional 45,635 shares during the last quarter.

First Trust S&P REIT Index Fund Stock Down 0.2%

Shares of FRI stock traded down $0.07 on Friday, reaching $29.21. The company had a trading volume of 18,678 shares, compared to its average volume of 31,449. The business’s 50-day moving average is $28.89 and its 200 day moving average is $28.19. The stock has a market capitalization of $163.58 million, a PE ratio of 35.23 and a beta of 1.01. First Trust S&P REIT Index Fund has a one year low of $23.15 and a one year high of $30.45.

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.