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 recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 28,792 shares, a decline of 62.4% from the July 15th total of 76,635 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average daily volume of 38,514 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On First Trust India NIFTY 50 Equal Weight ETF

Several institutional investors have recently bought and sold shares of the stock. Crumly & Associates Inc. lifted its stake in First Trust India NIFTY 50 Equal Weight ETF by 4.0% during the 2nd quarter. Crumly & Associates Inc. now owns 293,242 shares of the company’s stock valued at $15,775,000 after acquiring an additional 11,233 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 4.4% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 20,053 shares of the company’s stock worth $1,033,000 after acquiring an additional 850 shares in the last quarter. Gateway Wealth Partners LLC grew its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 111.4% in the 1st quarter. Gateway Wealth Partners LLC now owns 8,576 shares of the company’s stock worth $442,000 after acquiring an additional 4,519 shares in the last quarter. Merkkuri Wealth Advisors LLC raised its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 2.6% in the first quarter. Merkkuri Wealth Advisors LLC now owns 35,391 shares of the company’s stock valued at $1,823,000 after purchasing an additional 896 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 450.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 920 shares of the company’s stock valued at $54,000 after purchasing an additional 753 shares during the last quarter.

First Trust India NIFTY 50 Equal Weight ETF Stock Performance

Shares of First Trust India NIFTY 50 Equal Weight ETF stock traded down $0.20 on Friday, hitting $54.52. The company had a trading volume of 3,363 shares, compared to its average volume of 31,827. The stock has a market capitalization of $117.22 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 1 year low of $49.62 and a 1 year high of $60.70. The stock has a 50 day moving average of $53.87 and a 200-day moving average of $54.24.

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.