The First Trust S&P REIT Index Fund ETF (NYSE:FRI) is seeing unusually high volume in afternoon trading Friday, with over 146,000 shares traded versus three month average volume of about 37,000. Shares of FRI were trading flat on the day.
Components of that ETF with the highest volume on Friday were Intelsat (NYSE:I), trading up about 6% with over 3.9 million shares changing hands so far this session, and GGP (NYSE:GGP), up about 0.4% on volume of over 2.4 million shares. Taubman Centers (NYSE:TCO) is lagging other components of the First Trust S&P REIT Index Fund ETF Friday, trading lower by about 0.8%.
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