First Trust S&P REIT Index Fund (NYSEARCA:FRI) Short Interest Down 78.1% in July

First Trust S&P REIT Index Fund (NYSEARCA:FRI) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 3,739 shares, a decrease of 78.1% from the June 30th total of 17,062 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 26,257 shares, the days-to-cover ratio is presently 0.1 days.

First Trust S&P REIT Index Fund Trading Up 2.3%

Shares of NYSEARCA:FRI opened at $33.34 on Friday. The business has a 50-day moving average price of $31.65 and a 200 day moving average price of $30.12. The company has a market capitalization of $195.04 million, a price-to-earnings ratio of 35.23 and a beta of 0.95. First Trust S&P REIT Index Fund has a 12-month low of $26.50 and a 12-month high of $33.37.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new stake in shares of First Trust S&P REIT Index Fund in the 1st quarter valued at approximately $235,000. Cerity Partners LLC lifted its holdings in shares of 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 acquiring an additional 14,018 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of First Trust S&P REIT Index Fund by 60.3% during 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 during the period. Orion Porfolio Solutions LLC purchased a new position in shares of First Trust S&P REIT Index Fund during the 3rd quarter worth approximately $217,000. Finally, Private Advisor Group LLC acquired a new stake in First Trust S&P REIT Index Fund in the 3rd quarter valued at approximately $202,000.

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.