Short Interest in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Declines By 22.5%

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 59,400 shares, a decline of 22.5% from the August 15th total of 76,600 shares. Based on an average daily trading volume, of 24,500 shares, the days-to-cover ratio is presently 2.4 days.

First Trust India NIFTY 50 Equal Weight ETF Stock Performance

Shares of First Trust India NIFTY 50 Equal Weight ETF stock traded up $0.08 on Tuesday, reaching $63.99. 10,692 shares of the company’s stock were exchanged, compared to its average volume of 27,975. The company has a market capitalization of $265.56 million, a P/E ratio of 24.18 and a beta of 0.72. First Trust India NIFTY 50 Equal Weight ETF has a 52 week low of $46.60 and a 52 week high of $64.23. The firm’s 50-day moving average is $62.16 and its two-hundred day moving average is $59.33.

First Trust India NIFTY 50 Equal Weight ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were paid a dividend of $0.0612 per share. This represents a $0.24 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend was Thursday, June 27th.

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

Large investors have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. boosted its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 18.2% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 39,183 shares of the company’s stock worth $2,118,000 after purchasing an additional 6,021 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in First Trust India NIFTY 50 Equal Weight ETF by 10.2% in the first quarter. Commonwealth Equity Services LLC now owns 13,807 shares of the company’s stock worth $786,000 after acquiring an additional 1,276 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in First Trust India NIFTY 50 Equal Weight ETF by 36.2% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 9,109 shares of the company’s stock valued at $492,000 after acquiring an additional 2,421 shares during the period. Milestone Asset Management LLC bought a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF during the second quarter valued at approximately $450,000. Finally, Csenge Advisory Group acquired a new position in shares of First Trust India NIFTY 50 Equal Weight ETF during the first quarter worth approximately $1,431,000.

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.