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

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totalling 9,200 shares, a decline of 67.8% from the December 31st total of 28,600 shares. Based on an average trading volume of 32,800 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of First Trust India NIFTY 50 Equal Weight ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. CNB Bank bought a new position in shares of First Trust India NIFTY 50 Equal Weight ETF in the 3rd quarter valued at $42,000. Wealth Enhancement Advisory Services LLC bought a new position in First Trust India NIFTY 50 Equal Weight ETF in the third quarter valued at about $205,000. NBC Securities Inc. boosted its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 36.6% during the third quarter. NBC Securities Inc. now owns 3,790 shares of the company’s stock valued at $245,000 after purchasing an additional 1,016 shares in the last quarter. Synovus Financial Corp grew its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 12.5% during the third quarter. Synovus Financial Corp now owns 3,848 shares of the company’s stock worth $250,000 after purchasing an additional 427 shares during the last quarter. Finally, Gentry Private Wealth LLC acquired a new position in shares of First Trust India NIFTY 50 Equal Weight ETF in the third quarter valued at approximately $257,000.

First Trust India NIFTY 50 Equal Weight ETF Stock Down 0.5 %

Shares of NFTY traded down $0.27 during midday trading on Tuesday, hitting $54.16. The company’s stock had a trading volume of 23,648 shares, compared to its average volume of 33,815. The stock has a market capitalization of $257.26 million, a price-to-earnings ratio of 24.18 and a beta of 0.72. First Trust India NIFTY 50 Equal Weight ETF has a one year low of $53.90 and a one year high of $65.90. The company’s fifty day simple moving average is $57.01 and its two-hundred day simple moving average is $60.26.

First Trust India NIFTY 50 Equal Weight ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors 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.

About First Trust India NIFTY 50 Equal Weight ETF

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.