First Trust S&P REIT Index Fund (NYSEARCA:FRI) Short Interest Up 74.2% in April

First Trust S&P REIT Index Fund (NYSEARCA:FRI) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 40,669 shares, a growth of 74.2% from the March 31st total of 23,346 shares. Based on an average trading volume of 26,169 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.7% of the shares of the company are short sold.

First Trust S&P REIT Index Fund Stock Performance

Shares of FRI stock opened at $30.60 on Wednesday. First Trust S&P REIT Index Fund has a 1 year low of $26.32 and a 1 year high of $30.97. The stock has a fifty day moving average of $29.56 and a two-hundred day moving average of $28.52. The firm has a market capitalization of $163.71 million, a PE ratio of 35.23 and a beta of 0.99.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Harvest Investment Services LLC boosted its position in First Trust S&P REIT Index Fund by 3.0% during the 3rd quarter. Harvest Investment Services LLC now owns 14,666 shares of the company’s stock worth $412,000 after acquiring an additional 429 shares during the period. True Blue Financial LLC boosted its position in First Trust S&P REIT Index Fund by 0.6% during the 1st quarter. True Blue Financial LLC now owns 108,408 shares of the company’s stock worth $3,085,000 after acquiring an additional 685 shares during the period. Arax Advisory Partners acquired a new position in First Trust S&P REIT Index Fund during the 4th quarter worth $27,000. AE Wealth Management LLC boosted its position in First Trust S&P REIT Index Fund by 1.2% during the 3rd quarter. AE Wealth Management LLC now owns 85,305 shares of the company’s stock worth $2,398,000 after acquiring an additional 1,006 shares during the period. Finally, Bank of America Corp DE boosted its position in First Trust S&P REIT Index Fund by 5.3% during the 3rd quarter. Bank of America Corp DE now owns 28,665 shares of the company’s stock worth $806,000 after acquiring an additional 1,430 shares during the period.

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.