First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Sees Significant Growth in Short Interest

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 3,300 shares, a growth of 43.5% from the September 30th total of 2,300 shares. Based on an average daily trading volume, of 19,300 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 19,300 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On First Trust India NIFTY 50 Equal Weight ETF

Large investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. lifted its position in First Trust India NIFTY 50 Equal Weight ETF by 4,518.2% during 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. lifted its position in 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 buying an additional 464 shares during the period. Ameritas Advisory Services LLC purchased a new position in shares of First Trust India NIFTY 50 Equal Weight ETF in the 2nd quarter worth about $69,000. NewEdge Advisors LLC purchased a new position in shares of First Trust India NIFTY 50 Equal Weight ETF in the 1st quarter worth about $127,000. Finally, Coppell Advisory Solutions LLC raised its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 281.7% in the 1st quarter. Coppell Advisory Solutions LLC now owns 3,580 shares of the company’s stock worth $207,000 after purchasing an additional 2,642 shares during the period.

First Trust India NIFTY 50 Equal Weight ETF Trading Down 0.5%

NASDAQ NFTY opened at $58.67 on Wednesday. The business’s 50-day moving average price is $58.25 and its 200 day moving average price is $58.32. First Trust India NIFTY 50 Equal Weight ETF has a twelve month low of $51.57 and a twelve month high of $61.00. The company has a market capitalization of $187.74 million, a PE ratio of 24.33 and a beta of 0.45.

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.