First Trust S&P REIT Index Fund (NYSEARCA:FRI) Shares Shorted: Short Interest Down 82.4% in September

by · The Cerbat Gem

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

First Trust S&P REIT Index Fund Stock Performance

NYSEARCA:FRI traded down $0.08 during mid-day trading on Friday, hitting $29.90. 19,670 shares of the stock were exchanged, compared to its average volume of 31,526. The stock has a market capitalization of $185.38 million, a price-to-earnings ratio of 35.23 and a beta of 0.93. The firm’s 50-day simple moving average is $31.69 and its 200 day simple moving average is $30.98. 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. Envestnet Asset Management Inc. boosted its position in shares of First Trust S&P REIT Index Fund by 7.6% in the second quarter. Envestnet Asset Management Inc. now owns 53,540 shares of the company’s stock valued at $1,697,000 after acquiring an additional 3,772 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of First Trust S&P REIT Index Fund in the second quarter valued at about $92,000. Citadel Advisors LLC bought a new position in First Trust S&P REIT Index Fund during the second quarter worth about $1,415,000. RPg Family Wealth Advisory LLC increased its position in 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 acquiring an additional 463 shares during the period. Finally, Risk Paradigm Group LLC increased its position in First Trust S&P REIT Index Fund by 3.9% during the second quarter. Risk Paradigm Group LLC now owns 12,191 shares of the company’s stock worth $386,000 after acquiring an additional 463 shares during the period.

About First Trust S&P REIT Index Fund

(Get Free Report)

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.

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