First Trust S&P REIT Index Fund (NYSEARCA:FRI) Short Interest Update

First Trust S&P REIT Index Fund (NYSEARCA:FRI) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 22,227 shares, a growth of 95.0% from the July 30th total of 11,396 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average trading volume of 75,142 shares, the short-interest ratio is currently 0.3 days.

First Trust S&P REIT Index Fund Price Performance

Shares of FRI stock traded down $0.24 during trading hours on Monday, hitting $31.39. The company had a trading volume of 18,615 shares, compared to its average volume of 30,657. The stock has a market capitalization of $191.48 million, a PE ratio of 35.23 and a beta of 0.94. The company’s fifty day moving average is $32.18 and its 200 day moving average is $30.86. First Trust S&P REIT Index Fund has a fifty-two week low of $27.11 and a fifty-two week high of $33.44.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC boosted its position in shares of First Trust S&P REIT Index Fund by 3.8% during the second quarter. RPg Family Wealth Advisory LLC now owns 12,549 shares of the company’s stock worth $398,000 after buying an additional 463 shares during the period. Risk Paradigm Group LLC grew its stake in shares of 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 buying an additional 463 shares in the last quarter. Western Wealth Management LLC purchased a new stake in shares of First Trust S&P REIT Index Fund in the 1st quarter valued at $67,000. Gateway Wealth Partners LLC purchased a new stake in shares of First Trust S&P REIT Index Fund in the 1st quarter valued at $308,000. Finally, Cetera Investment Advisers raised its holdings in shares of First Trust S&P REIT Index Fund by 0.5% in the 1st quarter. Cetera Investment Advisers now owns 497,818 shares of the company’s stock valued at $14,168,000 after buying an additional 2,350 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.