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 target of a large growth in short interest in 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 trading volume of 31,200 shares, the days-to-cover ratio is presently 0.9 days.

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

Shares of NASDAQ NFTY opened at $59.12 on Friday. The company has a fifty day moving average price of $61.35 and a 200 day moving average price of $60.97. 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 firm has a market cap of $277.86 million, a PE ratio of 24.18 and a beta of 0.72.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NFTY. Synovus Financial Corp lifted its stake in First Trust India NIFTY 50 Equal Weight ETF by 12.5% in 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 in the last quarter. Pine Valley Investments Ltd Liability Co lifted its position in shares of 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 purchasing an additional 7,110 shares in the last quarter. MML Investors Services LLC lifted its position in shares of 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 purchasing 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% during the third quarter. Stifel Financial Corp now owns 15,488 shares of the company’s stock worth $1,004,000 after purchasing an additional 1,110 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its stake in First Trust India NIFTY 50 Equal Weight ETF by 1.3% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 67,031 shares of the company’s stock valued at $4,346,000 after buying an additional 876 shares during 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.