First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Short Interest Update

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) saw a significant drop in short interest in January. As of January 31st, there was short interest totalling 2,700 shares, a drop of 60.9% from the January 15th total of 6,900 shares. Based on an average trading volume of 39,100 shares, the short-interest ratio is currently 0.1 days.

First Trust India NIFTY 50 Equal Weight ETF Price Performance

Shares of NASDAQ NFTY opened at $54.22 on Friday. The stock has a market capitalization of $257.55 million, a P/E ratio of 24.18 and a beta of 0.72. First Trust India NIFTY 50 Equal Weight ETF has a 1-year low of $53.90 and a 1-year high of $65.90. The business’s 50 day moving average is $55.86 and its two-hundred day moving average is $59.61.

First Trust India NIFTY 50 Equal Weight ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.7608 per share. The ex-dividend date was Friday, December 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF in the 4th quarter worth about $9,339,000. Prasad Wealth Partners LLC purchased a new stake in First Trust India NIFTY 50 Equal Weight ETF in the 4th quarter worth about $7,322,000. Jane Street Group LLC lifted its stake in First Trust India NIFTY 50 Equal Weight ETF by 1,068.7% in the fourth quarter. Jane Street Group LLC now owns 142,727 shares of the company’s stock worth $7,991,000 after purchasing an additional 130,515 shares during the last quarter. Marmo Financial Group LLC grew its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 77.7% during the third quarter. Marmo Financial Group LLC now owns 186,015 shares of the company’s stock valued at $12,061,000 after buying an additional 81,351 shares during the last quarter. Finally, Benjamin Edwards Inc. purchased a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF in the third quarter worth approximately $3,866,000.

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.