First Trust S&P REIT Index Fund (NYSEARCA:FRI) Short Interest Up 730.7% in June

First Trust S&P REIT Index Fund (NYSEARCA:FRI) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 17,062 shares, a growth of 730.7% from the June 15th total of 2,054 shares. Based on an average daily volume of 21,485 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Investors Weigh In On First Trust S&P REIT Index Fund

Several large investors have recently added to or reduced their stakes in FRI. Jane Street Group LLC purchased a new stake in First Trust S&P REIT Index Fund during the first quarter valued at approximately $235,000. Cerity Partners LLC boosted its holdings in shares of First Trust S&P REIT Index Fund by 85.6% in the 2nd quarter. Cerity Partners LLC now owns 30,401 shares of the company’s stock worth $822,000 after purchasing an additional 14,018 shares during the period. Raymond James Financial Inc. increased its position in shares of First Trust S&P REIT Index Fund by 60.3% during the 2nd 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 last quarter. Orion Porfolio Solutions LLC purchased a new stake in First Trust S&P REIT Index Fund during the 3rd quarter valued at $217,000. Finally, Private Advisor Group LLC bought a new stake in First Trust S&P REIT Index Fund in the third quarter worth $202,000.

First Trust S&P REIT Index Fund Price Performance

Shares of First Trust S&P REIT Index Fund stock traded up $0.03 during trading hours on Friday, reaching $31.85. The company’s stock had a trading volume of 14,281 shares, compared to its average volume of 27,358. The firm has a 50 day moving average price of $31.31 and a 200-day moving average price of $29.75. First Trust S&P REIT Index Fund has a one year low of $26.50 and a one year high of $32.46. The stock has a market cap of $183.14 million, a P/E ratio of 35.23 and a beta of 0.95.

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.