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

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 28,792 shares, a decrease of 62.4% from the July 15th total of 76,635 shares. Based on an average daily trading volume, of 38,514 shares, the short-interest ratio is currently 0.7 days. Approximately 1.3% of the company’s stock are short sold.

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

Several institutional investors and hedge funds have recently modified their holdings of the business. Crumly & Associates Inc. increased its holdings in shares of 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 during the last quarter. Pine Valley Investments Ltd Liability Co lifted its holdings in 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 purchasing an additional 850 shares during the last quarter. Gateway Wealth Partners LLC boosted its position in First Trust India NIFTY 50 Equal Weight ETF by 111.4% during the first quarter. Gateway Wealth Partners LLC now owns 8,576 shares of the company’s stock worth $442,000 after purchasing an additional 4,519 shares during the period. Arax Advisory Partners bought a new stake in First Trust India NIFTY 50 Equal Weight ETF during the fourth quarter worth approximately $52,000. Finally, Wagner Wealth Management Corp acquired a new position in First Trust India NIFTY 50 Equal Weight ETF during the fourth quarter valued at approximately $223,000.

First Trust India NIFTY 50 Equal Weight ETF Stock Up 0.1%

NASDAQ NFTY opened at $54.69 on Friday. The stock has a market capitalization of $117.58 million, a PE ratio of 24.33 and a beta of 0.45. The company has a 50 day moving average price of $53.83 and a two-hundred day moving average price of $54.24. First Trust India NIFTY 50 Equal Weight ETF has a 12-month low of $49.62 and a 12-month high of $60.70.

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.