First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Short Interest Update

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) saw a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 3,900 shares, a growth of 44.4% from the January 31st total of 2,700 shares. Based on an average daily volume of 33,800 shares, the short-interest ratio is presently 0.1 days.

First Trust India NIFTY 50 Equal Weight ETF Stock Down 0.1 %

Shares of NFTY stock traded down $0.04 during trading on Monday, reaching $51.98. The company’s stock had a trading volume of 23,276 shares, compared to its average volume of 36,917. First Trust India NIFTY 50 Equal Weight ETF has a one year low of $51.62 and a one year high of $65.90. The business has a fifty day moving average price of $54.82 and a 200-day moving average price of $58.94. The company has a market cap of $246.91 million, a price-to-earnings ratio of 22.12 and a beta of 0.72.

First Trust India NIFTY 50 Equal Weight ETF Announces Dividend

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

Hedge Funds Weigh In On First Trust India NIFTY 50 Equal Weight ETF

A number of large investors have recently modified their holdings of NFTY. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF in the third quarter valued at about $205,000. Crumly & Associates Inc. increased its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 6.9% during the 3rd quarter. Crumly & Associates Inc. now owns 148,788 shares of the company’s stock worth $9,647,000 after purchasing an additional 9,628 shares during the last quarter. Mach 1 Financial Group LLC raised its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 7.2% during the 3rd quarter. Mach 1 Financial Group LLC now owns 56,469 shares of the company’s stock worth $3,659,000 after purchasing an additional 3,798 shares in the last quarter. Cottonwood Capital Advisors LLC raised its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 14.8% during the 3rd quarter. Cottonwood Capital Advisors LLC now owns 16,523 shares of the company’s stock worth $1,071,000 after purchasing an additional 2,130 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF in the 3rd quarter valued at approximately $920,000.

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.