Short Interest in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Decreases By 39.7%

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) was the recipient of a large decrease in short interest in March. As of March 15th, there was short interest totalling 3,800 shares, a decrease of 39.7% from the February 28th total of 6,300 shares. Based on an average trading volume of 33,600 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

First Trust India NIFTY 50 Equal Weight ETF Stock Up 0.2 %

Shares of NFTY traded up $0.12 during trading hours on Monday, reaching $55.60. The company’s stock had a trading volume of 8,857 shares, compared to its average volume of 35,420. The firm has a market cap of $264.10 million, a price-to-earnings ratio of 23.73 and a beta of 0.72. The company has a 50 day moving average of $54.20 and a two-hundred day moving average of $57.80. First Trust India NIFTY 50 Equal Weight ETF has a 1-year low of $51.57 and a 1-year high of $65.90.

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

A number of large investors have recently bought and sold shares of NFTY. Geneos Wealth Management Inc. boosted its holdings in First Trust India NIFTY 50 Equal Weight ETF by 0.7% during the fourth quarter. Geneos Wealth Management Inc. now owns 38,707 shares of the company’s stock valued at $2,167,000 after acquiring an additional 264 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 3.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 8,628 shares of the company’s stock worth $483,000 after buying an additional 286 shares during the last quarter. Synovus Financial Corp boosted its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 12.5% in the third quarter. Synovus Financial Corp now owns 3,848 shares of the company’s stock valued at $250,000 after acquiring an additional 427 shares during the period. Ergawealth Advisors Inc. raised its stake in First Trust India NIFTY 50 Equal Weight ETF by 4.7% during the 4th quarter. Ergawealth Advisors Inc. now owns 9,880 shares of the company’s stock valued at $553,000 after purchasing an additional 443 shares during the last quarter. Finally, Stifel Financial Corp raised its holdings in First Trust India NIFTY 50 Equal Weight ETF by 3.2% in the 4th quarter. Stifel Financial Corp now owns 15,985 shares of the company’s stock valued at $895,000 after acquiring an additional 497 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.