The First Trust S&P REIT Index Fund ETF ( FRI ) is seeing unusually high volume in afternoon trading Thursday, with over 156,000 shares traded versus three month average volume of about 28,000. Shares of FRI were up about 0.4% on the day.
Components of that ETF with the highest volume on Thursday were Spirit Realty Capital ( SRC ), trading up about 1.3% with over 5.1 million shares changing hands so far this session, and Vereit ( VER ), up about 0.1% on volume of over 3.5 million shares. Braemar Hotels & Resorts ( BHR ) is the component faring the best Thursday, up by about 3.7% on the day, while Xenia Hotels & Resorts ( XHR ) is lagging other components of the First Trust S&P REIT Index Fund ETF, trading lower by about 1%.
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