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

First Trust S&P REIT Index Fund (NYSEARCA:FRI) was the target of a large growth in short interest in 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. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 46,403 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 46,403 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

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

Shares of NYSEARCA:FRI opened at $27.87 on Wednesday. The company has a market cap of $154.68 million, a price-to-earnings ratio of 35.23 and a beta of 1.01. First Trust S&P REIT Index Fund has a 12 month low of $23.15 and a 12 month high of $28.91. The company has a 50-day moving average price of $27.71 and a 200-day moving average price of $27.68.

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

Several hedge funds have recently made changes to their positions in the business. Susquehanna International Group LLP purchased a new stake in First Trust S&P REIT Index Fund in the third quarter worth $1,432,000. Benjamin Edwards Inc. lifted its position in shares of First Trust S&P REIT Index Fund by 85.2% in the 3rd quarter. Benjamin Edwards Inc. now owns 99,184 shares of the company’s stock worth $2,789,000 after purchasing an additional 45,635 shares during the period. Raymond James Financial Inc. lifted its position in shares of First Trust S&P REIT Index Fund by 60.3% in the 2nd quarter. Raymond James Financial Inc. now owns 110,493 shares of the company’s stock worth $2,989,000 after purchasing an additional 41,547 shares during the period. TCP Asset Management LLC boosted its stake in shares of First Trust S&P REIT Index Fund by 11.0% during the 4th quarter. TCP Asset Management LLC now owns 380,093 shares of the company’s stock valued at $10,380,000 after purchasing an additional 37,570 shares in the last quarter. Finally, Cerity Partners LLC increased its position in shares of First Trust S&P REIT Index Fund by 85.6% during the second quarter. Cerity Partners LLC now owns 30,401 shares of the company’s stock valued at $822,000 after buying an additional 14,018 shares during the period.

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.