The First Trust S&P REIT Index Fund ETF (AMEX:FRI) is seeing unusually high volume in afternoon trading Thursday, with over 179,000 shares traded versus three month average volume of about 159,000. Shares of FRI were off about 0.7% on the day.
Components of that ETF with the highest volume on Thursday were Udr (NYSE:UDR), trading off about 0.3% with over 2.2 million shares changing hands so far this session, and Host Hotels & Resorts (NYSE:HST), down about 1% on volume of over 1.5 million shares. Terreno Realty (NYSE:TRNO) is the component faring the best Thursday, higher by about 0.8% on the day, while Felcor Lodging Trust (NYSE:FCH) is lagging other components of the First Trust S&P REIT Index Fund ETF, trading lower by about 2.7%.
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