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

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 3,300 shares, an increase of 43.5% from the September 30th total of 2,300 shares. Based on an average daily trading volume, of 19,300 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 19,300 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of First Trust India NIFTY 50 Equal Weight ETF

Hedge funds have recently modified their holdings of the company. SBI Securities Co. Ltd. raised its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 4,518.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 508 shares of the company’s stock valued at $28,000 after acquiring an additional 497 shares during the period. Hazlett Burt & Watson Inc. raised its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 232.0% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 664 shares of the company’s stock valued at $37,000 after acquiring an additional 464 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF in the 2nd quarter valued at approximately $69,000. NewEdge Advisors LLC acquired a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF in the 1st quarter valued at approximately $127,000. Finally, Coppell Advisory Solutions LLC raised its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 281.7% in the 1st quarter. Coppell Advisory Solutions LLC now owns 3,580 shares of the company’s stock valued at $207,000 after acquiring an additional 2,642 shares during the period.

First Trust India NIFTY 50 Equal Weight ETF Price Performance

Shares of First Trust India NIFTY 50 Equal Weight ETF stock traded up $0.23 during trading on Monday, hitting $58.98. 24,153 shares of the company were exchanged, compared to its average volume of 28,729. The firm has a market capitalization of $188.74 million, a P/E ratio of 24.33 and a beta of 0.45. The firm’s fifty day moving average price is $58.21 and its 200 day moving average price is $58.29. First Trust India NIFTY 50 Equal Weight ETF has a 1-year low of $51.57 and a 1-year high of $61.00.

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.