First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Short Interest Update

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) saw a significant decline in short interest in March. As of March 31st, there was short interest totaling 18,398 shares, a decline of 34.2% from the March 15th total of 27,976 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 34,843 shares, the short-interest ratio is currently 0.5 days.

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

Several large investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC bought a new position in First Trust India NIFTY 50 Equal Weight ETF in the 1st quarter worth about $127,000. Jane Street Group LLC grew its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 348.1% during the second quarter. Jane Street Group LLC now owns 73,205 shares of the company’s stock worth $4,390,000 after purchasing an additional 56,870 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 190.8% during the second quarter. Geneos Wealth Management Inc. now owns 123,747 shares of the company’s stock worth $7,421,000 after purchasing an additional 81,188 shares in the last quarter. Coppell Advisory Solutions LLC increased its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 179.6% in the second quarter. Coppell Advisory Solutions LLC now owns 10,009 shares of the company’s stock worth $603,000 after purchasing an additional 6,429 shares during the last quarter. Finally, Osaic Holdings Inc. increased its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 24.5% in the second quarter. Osaic Holdings Inc. now owns 23,146 shares of the company’s stock worth $1,389,000 after purchasing an additional 4,558 shares during the last quarter.

First Trust India NIFTY 50 Equal Weight ETF Stock Performance

NASDAQ NFTY traded down $0.10 on Thursday, hitting $54.38. The stock had a trading volume of 30,269 shares, compared to its average volume of 32,809. The firm has a 50-day moving average of $54.66 and a 200-day moving average of $56.95. First Trust India NIFTY 50 Equal Weight ETF has a 52-week low of $49.62 and a 52-week high of $60.70. The company has a market capitalization of $146.83 million, a price-to-earnings ratio of 24.33 and a beta of 0.45.

First Trust India NIFTY 50 Equal Weight ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a $0.3053 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Thursday, March 26th.

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.