First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Short Interest Down 31.7% in January

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) was the target of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 18,405 shares, a decrease of 31.7% from the January 15th total of 26,952 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 19,701 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily volume of 19,701 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.6% of the company’s shares are sold short.

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

Large investors have recently made changes to their positions in the stock. Sound Income Strategies LLC acquired a new stake in First Trust India NIFTY 50 Equal Weight ETF in the 4th quarter valued at approximately $32,000. Hazlett Burt & Watson Inc. grew its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 75.3% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 1,374 shares of the company’s stock valued at $80,000 after buying an additional 590 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF in the 1st quarter valued at $127,000. Western Wealth Management LLC acquired a new position in First Trust India NIFTY 50 Equal Weight ETF during the 4th quarter worth about $203,000. Finally, Wagner Wealth Management Corp purchased a new position in First Trust India NIFTY 50 Equal Weight ETF during the 4th quarter valued at about $223,000.

First Trust India NIFTY 50 Equal Weight ETF Trading Down 0.4%

Shares of NASDAQ:NFTY opened at $57.86 on Friday. The company has a market capitalization of $164.90 million, a price-to-earnings ratio of 24.33 and a beta of 0.45. First Trust India NIFTY 50 Equal Weight ETF has a 12-month low of $51.57 and a 12-month high of $60.70. The business has a 50-day moving average price of $57.62 and a 200 day moving average price of $58.00.

First Trust India NIFTY 50 Equal Weight ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.7212 per share. The ex-dividend date was Friday, December 12th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 5.0%.

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.