FRI Stock Summary and Trading Ideas (First Trust S&P REIT | ARCA:FRI)

The First Trust S&P REIT Index Fund is an exchange-traded fund. This exchange-traded fund seeks investment results that correspond generally to the price and yield (before the funds fees and expenses) of an equity index called the S&P United States REIT Index.

First Trust S&P REIT trades on the ARCA stock market under the symbol FRI.

As of April 24, 2024, FRI stock price declined to $24.42 with 26,360 million shares trading.

FRI has a beta of 1.16, meaning it tends to be more sensitive to market movements. FRI has a correlation of 0.54 to the broad based SPY ETF.

FRI has a market cap of $111.11 million. This is considered a Micro Cap stock.

In the last 3 years, FRI stock traded as high as $32.83 and as low as $21.21.

FRI has underperformed the market in the last year with a price return of +4.0% while the SPY ETF gained +24.1%. FRI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -4.1% and -5.6%, respectively, while the SPY returned +4.4% and -2.8%, respectively.

FRI support price is $24.15 and resistance is $24.74 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FRI stock will trade within this expected range on the day.