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 July. As of July 15th, there was short interest totaling 15,600 shares, anincreaseof90.2% from the June 30th total of 8,200 shares. Based on an average trading volume of 31,300 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 31,300 shares, the days-to-cover ratio is presently 0.5 days.

First Trust India NIFTY 50 Equal Weight ETF Stock Up 0.3%

Shares of First Trust India NIFTY 50 Equal Weight ETF stock opened at $56.81 on Wednesday. The business has a 50-day moving average price of $58.73 and a 200 day moving average price of $56.59. First Trust India NIFTY 50 Equal Weight ETF has a fifty-two week low of $51.57 and a fifty-two week high of $65.90. The firm has a market cap of $201.68 million, a P/E ratio of 24.33 and a beta of 0.72.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. SBI Securities Co. Ltd. increased its position in First Trust India NIFTY 50 Equal Weight ETF by 4,518.2% in the first quarter. SBI Securities Co. Ltd. now owns 508 shares of the company’s stock worth $28,000 after buying an additional 497 shares during the period. Hazlett Burt & Watson Inc. grew its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 232.0% during the first quarter. Hazlett Burt & Watson Inc. now owns 664 shares of the company’s stock worth $37,000 after acquiring an additional 464 shares during the last quarter. Coppell Advisory Solutions LLC increased its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 190.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 938 shares of the company’s stock worth $52,000 after acquiring an additional 615 shares during the period. Ameritas Advisory Services LLC bought a new stake in First Trust India NIFTY 50 Equal Weight ETF in the 2nd quarter valued at about $69,000. Finally, NewEdge Advisors LLC acquired a new position in First Trust India NIFTY 50 Equal Weight ETF during the 1st quarter valued at about $127,000.

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.