First Trust S&P REIT Index Fund (NYSEARCA:FRI) Stock Short Interest Declines 82.4%

First Trust S&P REIT Index Fund (NYSEARCA:FRI) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 4,993 shares, a decline of 82.4% from the August 31st total of 28,373 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 27,649 shares, the short-interest ratio is presently 0.2 days.

First Trust S&P REIT Index Fund Price Performance

NYSEARCA FRI traded down $0.08 during mid-day trading on Friday, hitting $29.90. The company’s stock had a trading volume of 19,670 shares, compared to its average volume of 31,526. First Trust S&P REIT Index Fund has a 52-week low of $27.11 and a 52-week high of $33.44. The stock’s fifty day simple moving average is $31.69 and its two-hundred day simple moving average is $30.98. The firm has a market capitalization of $185.38 million, a P/E ratio of 35.23 and a beta of 0.93.

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

A number of hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers boosted its position in First Trust S&P REIT Index Fund by 0.5% during the 1st quarter. Cetera Investment Advisers now owns 497,818 shares of the company’s stock worth $14,168,000 after purchasing an additional 2,350 shares during the period. Risk Paradigm Group LLC raised its position in First Trust S&P REIT Index Fund by 3.9% in the second quarter. Risk Paradigm Group LLC now owns 12,191 shares of the company’s stock valued at $386,000 after purchasing an additional 463 shares during the period. Citadel Advisors LLC acquired a new position in shares of First Trust S&P REIT Index Fund during the second quarter worth about $1,415,000. Envestnet Asset Management Inc. lifted its stake in shares of First Trust S&P REIT Index Fund by 7.6% during the second quarter. Envestnet Asset Management Inc. now owns 53,540 shares of the company’s stock worth $1,697,000 after purchasing an additional 3,772 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of First Trust S&P REIT Index Fund in the second quarter worth about $92,000.

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.