Short Interest in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Declines By 38.7%

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 4,600 shares, a drop of 38.7% from the August 31st total of 7,500 shares. Based on an average daily volume of 18,300 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 18,300 shares, the short-interest ratio is currently 0.3 days.

First Trust India NIFTY 50 Equal Weight ETF Stock Performance

Shares of NASDAQ:NFTY opened at $57.37 on Friday. The stock has a market capitalization of $189.32 million, a price-to-earnings ratio of 24.33 and a beta of 0.72. The stock’s 50-day simple moving average is $57.59 and its two-hundred day simple moving average is $57.71. First Trust India NIFTY 50 Equal Weight ETF has a 52-week low of $51.57 and a 52-week high of $63.70.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. lifted its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 4,518.2% during the 1st quarter. SBI Securities Co. Ltd. now owns 508 shares of the company’s stock valued at $28,000 after buying an additional 497 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 232.0% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 664 shares of the company’s stock valued at $37,000 after buying an additional 464 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of First Trust India NIFTY 50 Equal Weight ETF during the 2nd quarter valued at about $69,000. NewEdge Advisors LLC purchased a new position in shares of First Trust India NIFTY 50 Equal Weight ETF during the 1st quarter valued at about $127,000. Finally, Coppell Advisory Solutions LLC lifted its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 281.7% during the 1st quarter. Coppell Advisory Solutions LLC now owns 3,580 shares of the company’s stock valued at $207,000 after buying an additional 2,642 shares in 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.