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 significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 2,700 shares, a drop of 60.9% from the January 15th total of 6,900 shares. Based on an average daily volume of 39,100 shares, the days-to-cover ratio is currently 0.1 days.

First Trust India NIFTY 50 Equal Weight ETF Stock Performance

First Trust India NIFTY 50 Equal Weight ETF stock opened at $54.22 on Friday. The stock’s 50 day simple moving average is $55.86 and its two-hundred day simple moving average is $59.61. The stock has a market cap of $257.55 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 fifty-two week low of $53.90 and a fifty-two week high of $65.90.

First Trust India NIFTY 50 Equal Weight ETF Dividend Announcement

The company also recently disclosed 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 was Friday, December 13th.

Institutional Trading of First Trust India NIFTY 50 Equal Weight ETF

Large investors have recently bought and sold shares of the company. CNB Bank bought a new stake in First Trust India NIFTY 50 Equal Weight ETF during the 3rd quarter valued at approximately $42,000. Coppell Advisory Solutions LLC boosted its position 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 acquiring an additional 615 shares in the last quarter. Kestra Investment Management LLC bought a new stake in First Trust India NIFTY 50 Equal Weight ETF during the 4th quarter valued at approximately $61,000. Harbour Investments Inc. boosted its position in First Trust India NIFTY 50 Equal Weight ETF by 3,516.7% during the 4th 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 in the last quarter. Finally, PNC Financial Services Group Inc. bought a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF in the 4th quarter worth approximately $153,000.

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.