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

First Trust S&P REIT Index Fund (NYSEARCA:FRI) was the recipient of a large decline in short interest during the month of August. As of August 15th, there was short interest totaling 1,000 shares, adeclineof80.0% from the July 31st total of 5,000 shares. Based on an average daily volume of 26,300 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 26,300 shares, the days-to-cover ratio is currently 0.0 days.

First Trust S&P REIT Index Fund Stock Down 1.7%

Shares of First Trust S&P REIT Index Fund stock opened at $27.52 on Wednesday. First Trust S&P REIT Index Fund has a 12-month low of $23.15 and a 12-month high of $30.40. The stock has a market capitalization of $152.74 million, a P/E ratio of 35.23 and a beta of 0.93. The stock has a 50 day moving average price of $27.22 and a two-hundred day moving average price of $27.15.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Financial Perspectives Inc raised its holdings in shares of First Trust S&P REIT Index Fund by 44.7% in the first quarter. Financial Perspectives Inc now owns 2,045 shares of the company’s stock valued at $56,000 after buying an additional 632 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in First Trust S&P REIT Index Fund by 15.5% during the fourth quarter. Baird Financial Group Inc. now owns 10,752 shares of the company’s stock worth $294,000 after buying an additional 1,440 shares during the last quarter. MTM Investment Management LLC bought a new position in First Trust S&P REIT Index Fund during the second quarter worth about $49,000. Envestnet Asset Management Inc. boosted its holdings in First Trust S&P REIT Index Fund by 5.0% during the second quarter. Envestnet Asset Management Inc. now owns 39,325 shares of the company’s stock worth $1,064,000 after buying an additional 1,858 shares during the last quarter. Finally, Evolution Wealth Management Inc. bought a new position in shares of First Trust S&P REIT Index Fund during the 2nd quarter valued at about $52,000.

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.