First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Sees Large Decrease in Short Interest

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) saw a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 2,700 shares, a decline of 60.9% from the January 15th total of 6,900 shares. Based on an average trading volume of 39,100 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On First Trust India NIFTY 50 Equal Weight ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC raised its stake in First Trust India NIFTY 50 Equal Weight ETF by 1,068.7% during the 4th quarter. Jane Street Group LLC now owns 142,727 shares of the company’s stock valued at $7,991,000 after buying an additional 130,515 shares during the last quarter. Coppell Advisory Solutions LLC raised its stake in First Trust India NIFTY 50 Equal Weight ETF by 190.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 938 shares of the company’s stock valued at $52,000 after buying an additional 615 shares during the last quarter. Harvest Investment Services LLC raised its stake in First Trust India NIFTY 50 Equal Weight ETF by 12.5% during the 4th quarter. Harvest Investment Services LLC now owns 16,784 shares of the company’s stock valued at $940,000 after buying an additional 1,862 shares during the last quarter. Stifel Financial Corp raised its stake in First Trust India NIFTY 50 Equal Weight ETF by 3.2% during the 4th quarter. Stifel Financial Corp now owns 15,985 shares of the company’s stock valued at $895,000 after buying an additional 497 shares during the last quarter. Finally, Keystone Financial Group purchased a new stake in First Trust India NIFTY 50 Equal Weight ETF during the 4th quarter valued at $1,319,000.

First Trust India NIFTY 50 Equal Weight ETF Stock Down 0.9 %

Shares of NASDAQ NFTY opened at $54.22 on Friday. The firm has a market cap of $257.55 million, a P/E ratio of 24.18 and a beta of 0.72. The company has a 50 day moving average of $55.86 and a 200 day moving average of $59.61. First Trust India NIFTY 50 Equal Weight ETF has a twelve month low of $53.90 and a twelve month high of $65.90.

First Trust India NIFTY 50 Equal Weight ETF Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.7608 per share. The ex-dividend date of this dividend was Friday, December 13th.

First Trust India NIFTY 50 Equal Weight ETF Company Profile

The First Trust India NIFTY 50 Equal Weight ETF (NFTY) is an exchange-traded fund that is based on the NIFTY 50 Equal Weight index. The fund tracks an equally weighted index of the 50 largest and most liquid Indian equity securities. NFTY was launched on Feb 14, 2012 and is managed by First Trust.