First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY – Get Free Report) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 59,400 shares, a drop of 22.5% from the August 15th total of 76,600 shares. Based on an average daily volume of 24,500 shares, the days-to-cover ratio is presently 2.4 days.
Institutional Trading of First Trust India NIFTY 50 Equal Weight ETF
Institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC purchased a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF in the 2nd quarter valued at about $135,000. Geneos Wealth Management Inc. raised its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 3,416.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 5,275 shares of the company’s stock valued at $300,000 after acquiring an additional 5,125 shares in the last quarter. Trilogy Capital Inc. purchased a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF in the 1st quarter valued at about $316,000. Clarus Wealth Advisors raised its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 3.1% in the 2nd quarter. Clarus Wealth Advisors now owns 6,517 shares of the company’s stock valued at $399,000 after acquiring an additional 196 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co purchased a new position in shares of First Trust India NIFTY 50 Equal Weight ETF during the 2nd quarter valued at about $402,000.
First Trust India NIFTY 50 Equal Weight ETF Stock Up 0.2 %
Shares of NASDAQ NFTY opened at $63.87 on Monday. First Trust India NIFTY 50 Equal Weight ETF has a 52 week low of $46.60 and a 52 week high of $64.06. The business has a 50-day simple moving average of $62.05 and a two-hundred day simple moving average of $59.23. The company has a market cap of $265.06 million, a P/E ratio of 24.18 and a beta of 0.72.
First Trust India NIFTY 50 Equal Weight ETF Dividend Announcement
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.
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