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

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 49,332 shares, an increase of 95.2% from the September 15th total of 25,271 shares. Based on an average trading volume of 23,199 shares, the short-interest ratio is currently 2.1 days. Approximately 2.5% of the company’s stock are sold short.

First Trust India NIFTY 50 Equal Weight ETF Stock Down 0.6%

First Trust India NIFTY 50 Equal Weight ETF stock traded down $0.32 during trading hours on Wednesday, hitting $51.14. The stock had a trading volume of 2,870 shares, compared to its average volume of 29,023. First Trust India NIFTY 50 Equal Weight ETF has a 12-month low of $49.25 and a 12-month high of $60.70. The stock has a market capitalization of $99.72 million, a P/E ratio of 24.33 and a beta of 0.46. The stock’s 50-day moving average price is $53.03 and its 200-day moving average price is $53.26.

Hedge Funds Weigh In On First Trust India NIFTY 50 Equal Weight ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Crumly & Associates Inc. increased its holdings in First Trust India NIFTY 50 Equal Weight ETF by 4.0% in 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. Merkkuri Wealth Advisors LLC boosted its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 2.6% during the 1st quarter. Merkkuri Wealth Advisors LLC now owns 35,391 shares of the company’s stock valued at $1,823,000 after purchasing an additional 896 shares during the last quarter. Private Client Services LLC purchased a new position in shares of First Trust India NIFTY 50 Equal Weight ETF during the third quarter valued at about $1,314,000. Pine Valley Investments Ltd Liability Co grew its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 4.4% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 20,053 shares of the company’s stock valued at $1,033,000 after purchasing an additional 850 shares in the last quarter. Finally, Gateway Wealth Partners LLC grew its holdings in First Trust India NIFTY 50 Equal Weight ETF by 111.4% during the 1st quarter. Gateway Wealth Partners LLC now owns 8,576 shares of the company’s stock valued at $442,000 after buying an additional 4,519 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.