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

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) saw a significant drop in short interest in November. As of November 30th, there was short interest totalling 23,600 shares, a drop of 15.7% from the November 15th total of 28,000 shares. Based on an average daily volume of 31,900 shares, the days-to-cover ratio is presently 0.7 days.

First Trust India NIFTY 50 Equal Weight ETF Price Performance

Shares of NFTY stock opened at $58.84 on Friday. First Trust India NIFTY 50 Equal Weight ETF has a 1-year low of $51.92 and a 1-year high of $65.90. The stock’s 50-day moving average is $60.08 and its 200 day moving average is $61.09. The company has a market cap of $276.55 million, a P/E ratio of 24.18 and a beta of 0.72.

First Trust India NIFTY 50 Equal Weight ETF Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.7608 per share. The ex-dividend date of this dividend is Friday, December 13th.

Institutional Investors Weigh In On First Trust India NIFTY 50 Equal Weight ETF

Several institutional investors have recently added to or reduced their stakes in the business. Synovus Financial Corp boosted its holdings in First Trust India NIFTY 50 Equal Weight ETF by 12.5% in the third quarter. Synovus Financial Corp now owns 3,848 shares of the company’s stock worth $250,000 after acquiring an additional 427 shares in the last quarter. Pine Valley Investments Ltd Liability Co boosted its holdings in First Trust India NIFTY 50 Equal Weight ETF by 106.6% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 13,780 shares of the company’s stock worth $893,000 after acquiring an additional 7,110 shares in the last quarter. MML Investors Services LLC boosted its holdings in First Trust India NIFTY 50 Equal Weight ETF by 7.0% in the third quarter. MML Investors Services LLC now owns 20,420 shares of the company’s stock worth $1,324,000 after acquiring an additional 1,343 shares in the last quarter. Stifel Financial Corp boosted its holdings in First Trust India NIFTY 50 Equal Weight ETF by 7.7% in the third quarter. Stifel Financial Corp now owns 15,488 shares of the company’s stock worth $1,004,000 after acquiring an additional 1,110 shares in the last quarter. Finally, Integrated Wealth Concepts LLC boosted its holdings in First Trust India NIFTY 50 Equal Weight ETF by 1.3% in the third quarter. Integrated Wealth Concepts LLC now owns 67,031 shares of the company’s stock worth $4,346,000 after acquiring an additional 876 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.