First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Short Interest Up 61.5% in February

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) saw a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 6,300 shares, a growth of 61.5% from the February 13th total of 3,900 shares. Based on an average daily volume of 33,500 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

First Trust India NIFTY 50 Equal Weight ETF Trading Up 0.8 %

Shares of NFTY traded up $0.44 during midday trading on Friday, hitting $52.98. The stock had a trading volume of 36,713 shares, compared to its average volume of 36,798. First Trust India NIFTY 50 Equal Weight ETF has a fifty-two week low of $51.57 and a fifty-two week high of $65.90. The business has a 50-day simple moving average of $54.17 and a two-hundred day simple moving average of $58.37. The firm has a market cap of $251.66 million, a P/E ratio of 22.78 and a beta of 0.72.

Institutional Trading of First Trust India NIFTY 50 Equal Weight ETF

Several institutional investors have recently made changes to their positions in NFTY. Coppell Advisory Solutions LLC lifted its stake in First Trust India NIFTY 50 Equal Weight ETF by 190.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 938 shares of the company’s stock valued at $52,000 after acquiring an additional 615 shares during the last quarter. Kestra Investment Management LLC bought a new position in First Trust India NIFTY 50 Equal Weight ETF during the fourth quarter worth $61,000. Harbour Investments Inc. boosted its stake in First Trust India NIFTY 50 Equal Weight ETF by 3,516.7% during the fourth quarter. Harbour Investments Inc. now owns 1,085 shares of the company’s stock worth $61,000 after buying an additional 1,055 shares in the last quarter. PNC Financial Services Group Inc. acquired a new stake in First Trust India NIFTY 50 Equal Weight ETF during the fourth quarter worth $153,000. Finally, Capital Wealth Alliance LLC acquired a new stake in First Trust India NIFTY 50 Equal Weight ETF during the fourth quarter worth $249,000.

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.