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 decline in short interest during the month of January. As of January 30th, there was short interest totaling 18,405 shares, a decline of 31.7% from the January 15th total of 26,952 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 19,701 shares, the short-interest ratio is currently 0.9 days. Based on an average daily volume of 19,701 shares, the short-interest ratio is currently 0.9 days. Approximately 0.6% of the company’s stock are sold short.

First Trust India NIFTY 50 Equal Weight ETF Price Performance

NASDAQ:NFTY opened at $57.86 on Friday. 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 firm has a market capitalization of $164.90 million, a PE ratio of 24.33 and a beta of 0.45. The business’s fifty day moving average price is $57.62 and its 200 day moving average price is $58.00.

First Trust India NIFTY 50 Equal Weight ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.7212 dividend. 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%.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NFTY. Stifel Financial Corp raised its holdings in First Trust India NIFTY 50 Equal Weight ETF by 21.3% during the fourth quarter. Stifel Financial Corp now owns 24,091 shares of the company’s stock worth $1,405,000 after purchasing an additional 4,235 shares in the last quarter. Summit Financial LLC raised its stake in First Trust India NIFTY 50 Equal Weight ETF by 3.6% during the 4th quarter. Summit Financial LLC now owns 7,646 shares of the company’s stock worth $446,000 after acquiring an additional 269 shares in the last quarter. Wagner Wealth Management Corp purchased a new stake in First Trust India NIFTY 50 Equal Weight ETF in the fourth quarter valued at $223,000. Gateway Wealth Partners LLC acquired a new position in First Trust India NIFTY 50 Equal Weight ETF in the fourth quarter valued at $237,000. Finally, Hazlett Burt & Watson Inc. grew its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 75.3% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 1,374 shares of the company’s stock worth $80,000 after purchasing an additional 590 shares during the last quarter.

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.