Short Interest in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Expands By 3,750.3%

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 26,952 shares, a growth of 3,750.3% from the December 31st total of 700 shares. Based on an average daily volume of 24,275 shares, the short-interest ratio is currently 1.1 days. Approximately 0.9% of the company’s shares are short sold. Approximately 0.9% of the company’s shares are short sold. Based on an average daily volume of 24,275 shares, the short-interest ratio is currently 1.1 days.

First Trust India NIFTY 50 Equal Weight ETF Stock Up 0.7%

Shares of NFTY traded up $0.39 during mid-day trading on Tuesday, reaching $56.22. The company’s stock had a trading volume of 11,659 shares, compared to its average volume of 22,933. First Trust India NIFTY 50 Equal Weight ETF has a 1 year low of $51.57 and a 1 year high of $60.70. The company has a market cap of $163.04 million, a price-to-earnings ratio of 24.33 and a beta of 0.45. The business has a fifty day moving average of $57.95 and a 200 day moving average of $58.10.

First Trust India NIFTY 50 Equal Weight ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.7212 dividend. The ex-dividend date was Friday, December 12th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 5.1%.

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

A number of institutional investors have recently modified their holdings of the stock. Sound Income Strategies LLC acquired a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF during the 4th quarter valued at about $32,000. Ameritas Advisory Services LLC acquired a new stake in First Trust India NIFTY 50 Equal Weight ETF in the second quarter valued at approximately $69,000. NewEdge Advisors LLC acquired a new position in shares of First Trust India NIFTY 50 Equal Weight ETF during the 1st quarter worth $127,000. Triad Wealth Partners LLC acquired a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF in the 4th quarter valued at $296,000. Finally, Atlantic Union Bankshares Corp bought a new stake in First Trust India NIFTY 50 Equal Weight ETF in the second quarter worth $399,000.

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.