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

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) saw a significant growth in short interest in 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 days-to-cover ratio is currently 0.1 days.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Coppell Advisory Solutions LLC lifted its holdings 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 purchasing an additional 615 shares during the last quarter. Kestra Investment Management LLC bought a new position in shares of First Trust India NIFTY 50 Equal Weight ETF in the fourth quarter valued at approximately $61,000. Harbour Investments Inc. raised its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 3,516.7% in the fourth quarter. Harbour Investments Inc. now owns 1,085 shares of the company’s stock valued at $61,000 after acquiring an additional 1,055 shares during the last quarter. PNC Financial Services Group Inc. acquired a new position in shares of First Trust India NIFTY 50 Equal Weight ETF in the 4th quarter worth approximately $153,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in First Trust India NIFTY 50 Equal Weight ETF during the 3rd quarter worth approximately $205,000.

First Trust India NIFTY 50 Equal Weight ETF Price Performance

Shares of NFTY traded down $0.04 during mid-day trading on Monday, reaching $51.98. The company had a trading volume of 23,276 shares, compared to its average volume of 36,917. The company’s 50-day moving average is $54.82 and its 200-day moving average is $58.94. The company has a market capitalization of $246.91 million, a P/E ratio of 22.12 and a beta of 0.72. First Trust India NIFTY 50 Equal Weight ETF has a twelve month low of $51.62 and a twelve month high of $65.90.

First Trust India NIFTY 50 Equal Weight ETF Dividend Announcement

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