First Trust S&P REIT Index Fund (NYSEARCA:FRI) Short Interest Up 730.7% in June

First Trust S&P REIT Index Fund (NYSEARCA:FRI) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 17,062 shares, a growth of 730.7% from the June 15th total of 2,054 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 21,485 shares, the days-to-cover ratio is currently 0.8 days.

First Trust S&P REIT Index Fund Trading Up 0.1%

Shares of FRI stock traded up $0.03 during trading hours on Friday, reaching $31.85. 14,281 shares of the stock were exchanged, compared to its average volume of 27,358. The firm has a market capitalization of $183.14 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 $32.46. The company’s 50-day moving average price is $31.31 and its 200-day moving average price is $29.75.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Harvest Investment Services LLC grew its stake in shares of First Trust S&P REIT Index Fund by 3.0% during the third quarter. Harvest Investment Services LLC now owns 14,666 shares of the company’s stock valued at $412,000 after buying an additional 429 shares during the last quarter. True Blue Financial LLC boosted its holdings 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 valued at $3,085,000 after acquiring an additional 685 shares during the period. Arax Advisory Partners purchased a new position in First Trust S&P REIT Index Fund during the 4th quarter valued at $27,000. Bank of America Corp DE grew its position in First Trust S&P REIT Index Fund by 5.3% in the 3rd quarter. Bank of America Corp DE now owns 28,665 shares of the company’s stock valued at $806,000 after acquiring an additional 1,430 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its position in First Trust S&P REIT Index Fund by 27.7% in the 1st quarter. Kestra Advisory Services LLC now owns 9,761 shares of the company’s stock valued at $278,000 after acquiring an additional 2,118 shares during the last quarter.

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.