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

First Trust India NIFTY 50 Equal Weight ETF Trading Down 0.4%

First Trust India NIFTY 50 Equal Weight ETF stock traded down $0.26 during mid-day trading on Monday, reaching $57.86. The company had a trading volume of 13,811 shares, compared to its average volume of 23,867. The company has a market cap of $164.90 million, a P/E ratio of 24.33 and a beta of 0.45. The business has a fifty day simple moving average of $57.62 and a 200 day simple moving average of $58.01. First Trust India NIFTY 50 Equal Weight ETF has a fifty-two week low of $51.57 and a fifty-two week high of $60.70.

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 dividend of $0.7212 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date was Friday, December 12th.

Institutional Trading of First Trust India NIFTY 50 Equal Weight ETF

A number of hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers grew its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 27.3% in the second quarter. Cetera Investment Advisers now owns 103,517 shares of the company’s stock valued at $6,208,000 after purchasing an additional 22,190 shares in the last quarter. Archer Investment Corp lifted its stake in First Trust India NIFTY 50 Equal Weight ETF by 4.4% in the second quarter. Archer Investment Corp now owns 143,475 shares of the company’s stock worth $8,604,000 after purchasing an additional 6,023 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in First Trust India NIFTY 50 Equal Weight ETF by 190.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 123,747 shares of the company’s stock valued at $7,421,000 after acquiring an additional 81,188 shares during the period. Atlantic Union Bankshares Corp bought a new position in shares of First Trust India NIFTY 50 Equal Weight ETF in the second quarter worth about $399,000. Finally, Tradewinds LLC. bought a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF during the second quarter valued at approximately $1,945,000.

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.