Short Interest in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Decreases By 15.7%

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

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

Several hedge funds and other institutional investors have recently modified their holdings of NFTY. Purus Wealth Management LLC lifted its position in First Trust India NIFTY 50 Equal Weight ETF by 0.8% during the second quarter. Purus Wealth Management LLC now owns 34,011 shares of the company’s stock valued at $2,050,000 after purchasing an additional 266 shares in the last quarter. Cornerstone Wealth Management LLC lifted its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 5.7% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 5,048 shares of the company’s stock valued at $327,000 after buying an additional 270 shares in the last quarter. Synovus Financial Corp grew its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 12.5% during the 3rd quarter. Synovus Financial Corp now owns 3,848 shares of the company’s stock valued at $250,000 after acquiring an additional 427 shares during the period. Trilogy Capital Inc. increased its holdings in First Trust India NIFTY 50 Equal Weight ETF by 10.4% in the 3rd quarter. Trilogy Capital Inc. now owns 6,197 shares of the company’s stock worth $402,000 after acquiring an additional 583 shares in the last quarter. Finally, CNB Bank purchased a new stake in First Trust India NIFTY 50 Equal Weight ETF in the 3rd quarter worth approximately $42,000.

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

NFTY opened at $58.50 on Tuesday. The company’s 50 day moving average is $60.01 and its 200 day moving average is $61.12. The company has a market cap of $274.95 million, a price-to-earnings ratio of 24.18 and a beta of 0.72. First Trust India NIFTY 50 Equal Weight ETF has a 12-month low of $51.92 and a 12-month high of $65.90.

First Trust India NIFTY 50 Equal Weight ETF Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.7608 per share. The ex-dividend date is Friday, December 13th.

About First Trust India NIFTY 50 Equal Weight ETF

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.