First Trust S&P REIT Index Fund (NYSEARCA:FRI) Short Interest Down 60.2% in March

First Trust S&P REIT Index Fund (NYSEARCA:FRI) saw a significant drop in short interest in March. As of March 13th, there was short interest totaling 3,706 shares, a drop of 60.2% from the February 26th total of 9,319 shares. Based on an average daily volume of 26,454 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

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

Shares of NYSEARCA:FRI opened at $28.30 on Thursday. The firm has a 50 day simple moving average of $29.06 and a 200-day simple moving average of $28.24. First Trust S&P REIT Index Fund has a twelve month low of $23.15 and a twelve month high of $30.45. The company has a market capitalization of $158.48 million, a PE ratio of 35.23 and a beta of 1.01.

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

Large investors have recently bought and sold shares of the stock. Royal Bank of Canada grew its holdings in shares of First Trust S&P REIT Index Fund by 265.4% during the fourth quarter. Royal Bank of Canada now owns 149,934 shares of the company’s stock worth $4,095,000 after buying an additional 108,899 shares during the last quarter. TrueWealth Financial Partners acquired a new stake in First Trust S&P REIT Index Fund during the 4th quarter worth approximately $2,942,000. Susquehanna International Group LLP acquired a new stake in First Trust S&P REIT Index Fund during the 3rd quarter worth approximately $1,432,000. Benjamin Edwards Inc. grew its stake 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 valued at $2,789,000 after purchasing an additional 45,635 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in shares of First Trust S&P REIT Index Fund by 60.3% in the second quarter. Raymond James Financial Inc. now owns 110,493 shares of the company’s stock valued at $2,989,000 after purchasing an additional 41,547 shares during the period.

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.