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 target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 26,952 shares, an increase of 3,750.3% from the December 31st total of 700 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 24,275 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily volume of 24,275 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.9% of the company’s stock are short sold.

First Trust India NIFTY 50 Equal Weight ETF Stock Performance

NFTY stock opened at $56.12 on Thursday. The firm has a 50 day moving average price of $57.88 and a 200-day moving average price of $58.08. First Trust India NIFTY 50 Equal Weight ETF has a 52-week low of $51.57 and a 52-week high of $60.70. The firm has a market capitalization of $162.75 million, a price-to-earnings ratio of 24.33 and a beta of 0.45.

First Trust India NIFTY 50 Equal Weight ETF Announces Dividend

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

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

Institutional investors have recently modified their holdings of the stock. Clear Creek Financial Management LLC raised its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 1.5% in the 4th quarter. Clear Creek Financial Management LLC now owns 19,034 shares of the company’s stock worth $1,110,000 after purchasing an additional 278 shares during the last quarter. Triad Wealth Partners LLC bought a new stake in First Trust India NIFTY 50 Equal Weight ETF during the 4th quarter valued at about $296,000. Sound Income Strategies LLC purchased a new position in First Trust India NIFTY 50 Equal Weight ETF in the fourth quarter worth about $32,000. Chesley Taft & Associates LLC raised its holdings in First Trust India NIFTY 50 Equal Weight ETF by 35.1% in the fourth quarter. Chesley Taft & Associates LLC now owns 7,700 shares of the company’s stock worth $449,000 after buying an additional 2,000 shares during the last quarter. Finally, Crumly & Associates Inc. lifted its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 3.2% in the fourth quarter. Crumly & Associates Inc. now owns 190,433 shares of the company’s stock worth $11,106,000 after buying an additional 5,994 shares in the last quarter.

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.