Short Interest in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Increases By 61.8%

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 28,000 shares, a growth of 61.8% from the October 31st total of 17,300 shares. Based on an average daily trading volume, of 31,200 shares, the days-to-cover ratio is presently 0.9 days.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Clarus Wealth Advisors grew its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 3.1% during the second quarter. Clarus Wealth Advisors now owns 6,517 shares of the company’s stock worth $399,000 after purchasing an additional 196 shares during the last quarter. Great Valley Advisor Group Inc. raised its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 2.0% in the second quarter. Great Valley Advisor Group Inc. now owns 157,967 shares of the company’s stock worth $9,522,000 after acquiring an additional 3,108 shares during the last quarter. Milestone Asset Management LLC acquired a new position in shares of First Trust India NIFTY 50 Equal Weight ETF during the second quarter worth approximately $450,000. Marmo Financial Group LLC increased its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 20.8% in the second quarter. Marmo Financial Group LLC now owns 104,664 shares of the company’s stock valued at $6,309,000 after purchasing an additional 17,994 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in First Trust India NIFTY 50 Equal Weight ETF by 14.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 46,631 shares of the company’s stock worth $2,811,000 after purchasing an additional 5,893 shares during the last quarter.

First Trust India NIFTY 50 Equal Weight ETF Trading Up 0.4 %

NASDAQ NFTY opened at $59.12 on Friday. The firm has a market cap of $277.86 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 1-year low of $49.90 and a 1-year high of $65.90. The company has a 50 day moving average of $61.35 and a 200-day moving average of $60.97.

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.