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 decline in short interest in the month of July. As of July 31st, there was short interest totaling 28,792 shares, a decline of 62.4% from the July 15th total of 76,635 shares. Currently, 1.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 38,514 shares, the short-interest ratio is presently 0.7 days.

Institutional Trading of First Trust India NIFTY 50 Equal Weight ETF

Institutional investors have recently modified their holdings of the stock. Crumly & Associates Inc. increased its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 4.0% in the second quarter. Crumly & Associates Inc. now owns 293,242 shares of the company’s stock worth $15,775,000 after purchasing an additional 11,233 shares during the period. Pine Valley Investments Ltd Liability Co lifted its position in First Trust India NIFTY 50 Equal Weight ETF by 4.4% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 20,053 shares of the company’s stock worth $1,033,000 after purchasing an additional 850 shares during the period. Gateway Wealth Partners LLC lifted its position in First Trust India NIFTY 50 Equal Weight ETF by 111.4% during the first quarter. Gateway Wealth Partners LLC now owns 8,576 shares of the company’s stock worth $442,000 after purchasing an additional 4,519 shares during the period. Merkkuri Wealth Advisors LLC grew its stake in First Trust India NIFTY 50 Equal Weight ETF by 2.6% during the first quarter. Merkkuri Wealth Advisors LLC now owns 35,391 shares of the company’s stock worth $1,823,000 after buying an additional 896 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in First Trust India NIFTY 50 Equal Weight ETF by 450.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 920 shares of the company’s stock worth $54,000 after buying an additional 753 shares in the last quarter.

First Trust India NIFTY 50 Equal Weight ETF Price Performance

NASDAQ:NFTY traded down $0.20 during trading hours on Friday, reaching $54.52. 3,363 shares of the company were exchanged, compared to its average volume of 31,827. The business has a 50 day moving average of $53.87 and a 200 day moving average of $54.24. First Trust India NIFTY 50 Equal Weight ETF has a 1-year low of $49.62 and a 1-year high of $60.70. The company has a market capitalization of $117.22 million, a P/E ratio of 24.33 and a beta of 0.45.

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.