First Trust S&P REIT Index Fund (NYSEARCA:FRI) Short Interest Down 68.9% in May

First Trust S&P REIT Index Fund (NYSEARCA:FRI) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 17,027 shares, a decrease of 68.9% from the May 14th total of 54,662 shares. Based on an average daily volume of 21,060 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.3% of the company’s shares are sold short.

First Trust S&P REIT Index Fund Price Performance

Shares of NYSEARCA:FRI traded up $0.31 during trading on Friday, reaching $31.85. 8,727 shares of the company were exchanged, compared to its average volume of 27,992. The business’s fifty day simple moving average is $30.61 and its 200-day simple moving average is $29.19. First Trust S&P REIT Index Fund has a 12-month low of $26.50 and a 12-month high of $31.89. The firm has a market capitalization of $170.40 million, a PE ratio of 35.23 and a beta of 0.96.

Institutional Trading of First Trust S&P REIT Index Fund

Large investors have recently modified their holdings of the company. Maia Wealth LLC boosted its holdings in shares of First Trust S&P REIT Index Fund by 14.6% in the fourth quarter. Maia Wealth LLC now owns 25,211 shares of the company’s stock valued at $742,000 after purchasing an additional 3,221 shares during the period. Harvest Investment Services LLC boosted its holdings in shares of First Trust S&P REIT Index Fund by 3.0% in the third quarter. Harvest Investment Services LLC now owns 14,666 shares of the company’s stock valued at $412,000 after purchasing an additional 429 shares during the period. MML Investors Services LLC boosted its holdings in shares of First Trust S&P REIT Index Fund by 35.4% in the fourth quarter. MML Investors Services LLC now owns 12,125 shares of the company’s stock valued at $331,000 after purchasing an additional 3,173 shares during the period. Jane Street Group LLC purchased a new stake in shares of First Trust S&P REIT Index Fund in the first quarter valued at approximately $235,000. Finally, Orion Porfolio Solutions LLC purchased a new stake in shares of First Trust S&P REIT Index Fund in the third quarter valued at approximately $217,000.

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.