Short Interest in First Trust S&P REIT Index Fund (NYSEARCA:FRI) Expands By 409.4%

First Trust S&P REIT Index Fund (NYSEARCA:FRI) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 4,478 shares, a growth of 409.4% from the December 31st total of 879 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 46,403 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 46,403 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Jane Street Group LLC purchased a new stake in First Trust S&P REIT Index Fund during the first quarter valued at about $235,000. Envestnet Asset Management Inc. lifted its stake in shares of First Trust S&P REIT Index Fund by 5.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 39,325 shares of the company’s stock valued at $1,064,000 after acquiring an additional 1,858 shares during the last quarter. AE Wealth Management LLC lifted its stake in shares of First Trust S&P REIT Index Fund by 7.8% in the 2nd quarter. AE Wealth Management LLC now owns 84,299 shares of the company’s stock valued at $2,280,000 after acquiring an additional 6,107 shares during the last quarter. MTM Investment Management LLC purchased a new stake in First Trust S&P REIT Index Fund during the 2nd quarter valued at about $49,000. Finally, TCP Asset Management LLC lifted its position in First Trust S&P REIT Index Fund by 6.2% in the second quarter. TCP Asset Management LLC now owns 319,983 shares of the company’s stock valued at $8,656,000 after purchasing an additional 18,570 shares during the last quarter.

First Trust S&P REIT Index Fund Stock Up 1.5%

FRI stock opened at $27.99 on Friday. The stock has a 50-day simple moving average of $27.72 and a two-hundred day simple moving average of $27.68. First Trust S&P REIT Index Fund has a twelve month low of $23.15 and a twelve month high of $28.91. The firm has a market capitalization of $156.74 million, a PE ratio of 35.23 and a beta of 1.01.

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.