First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Short Interest Up 705.6% in July

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTYGet Free Report) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 76,635 shares, an increase of 705.6% from the June 30th total of 9,513 shares. Approximately 3.1% of the company’s shares are short sold. Based on an average daily volume of 20,834 shares, the days-to-cover ratio is presently 3.7 days.

Institutional Trading of First Trust India NIFTY 50 Equal Weight ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sound Income Strategies LLC acquired a new position in First Trust India NIFTY 50 Equal Weight ETF during the fourth quarter valued at approximately $32,000. Arax Advisory Partners acquired a new position in shares of First Trust India NIFTY 50 Equal Weight ETF during the 4th quarter worth approximately $52,000. Rockefeller Capital Management L.P. increased its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 450.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 920 shares of the company’s stock worth $54,000 after purchasing an additional 753 shares during the last quarter. Hazlett Burt & Watson Inc. raised its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 75.3% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 1,374 shares of the company’s stock worth $80,000 after purchasing an additional 590 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF during the 1st quarter worth approximately $127,000.

First Trust India NIFTY 50 Equal Weight ETF Price Performance

NASDAQ:NFTY opened at $52.67 on Monday. The business’s 50-day simple moving average is $53.34 and its 200-day simple moving average is $54.50. First Trust India NIFTY 50 Equal Weight ETF has a fifty-two week low of $49.62 and a fifty-two week high of $60.70. The stock has a market capitalization of $129.04 million, a PE ratio of 24.33 and a beta of 0.45.

About First Trust India NIFTY 50 Equal Weight ETF

(Get Free Report)

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.

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