First Trust S&P REIT Index Fund (NYSEARCA:FRI) Sees Significant Decrease in Short Interest

First Trust S&P REIT Index Fund (NYSEARCA:FRI) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 2,054 shares, a decrease of 87.9% from the May 31st total of 17,027 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 20,404 shares, the days-to-cover ratio is currently 0.1 days.

First Trust S&P REIT Index Fund Stock Performance

Shares of NYSEARCA FRI traded up $0.38 during midday trading on Friday, reaching $32.22. The stock had a trading volume of 17,087 shares, compared to its average volume of 27,443. The company has a market capitalization of $172.38 million, a price-to-earnings ratio of 35.23 and a beta of 0.96. First Trust S&P REIT Index Fund has a 12-month low of $26.50 and a 12-month high of $32.22. The stock has a 50-day moving average of $31.02 and a 200-day moving average of $29.44.

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

A number of institutional investors have recently bought and sold shares of the business. Jane Street Group LLC bought a new position in shares of First Trust S&P REIT Index Fund in the first quarter worth about $235,000. Cerity Partners LLC lifted its holdings in First Trust S&P REIT Index Fund by 85.6% in the 2nd quarter. Cerity Partners LLC now owns 30,401 shares of the company’s stock worth $822,000 after purchasing an additional 14,018 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in First Trust S&P REIT Index Fund by 60.3% in the 2nd quarter. Raymond James Financial Inc. now owns 110,493 shares of the company’s stock worth $2,989,000 after purchasing an additional 41,547 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in First Trust S&P REIT Index Fund by 5.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 41,649 shares of the company’s stock worth $1,171,000 after purchasing an additional 2,324 shares during the period. Finally, Orion Porfolio Solutions LLC bought a new position in First Trust S&P REIT Index Fund in the 3rd quarter worth approximately $217,000.

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.