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

First Trust S&P REIT Index Fund (NYSEARCA:FRI) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 4,993 shares, a decline of 82.4% from the August 31st total of 28,373 shares. Based on an average trading volume of 27,649 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On First Trust S&P REIT Index Fund

A number of hedge funds have recently made changes to their positions in FRI. Western Wealth Management LLC bought a new position in First Trust S&P REIT Index Fund in the 1st quarter worth approximately $67,000. Integrated Wealth Concepts LLC purchased a new position in shares of First Trust S&P REIT Index Fund in the 2nd quarter worth $92,000. Fifth Third Bancorp purchased a new position in First Trust S&P REIT Index Fund in the first quarter worth about $171,000. Kestra Advisory Services LLC boosted its holdings in shares of 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 worth $278,000 after purchasing an additional 2,118 shares during the period. Finally, Gateway Wealth Partners LLC bought a new position in shares of First Trust S&P REIT Index Fund during the 1st quarter valued at approximately $308,000.

First Trust S&P REIT Index Fund Stock Performance

NYSEARCA:FRI opened at $29.98 on Friday. First Trust S&P REIT Index Fund has a 52-week low of $27.11 and a 52-week high of $33.44. The firm has a market capitalization of $190.37 million, a PE ratio of 35.23 and a beta of 0.93. The stock has a 50-day simple moving average of $31.74 and a two-hundred day simple moving average of $30.99.

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.