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

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) was the target of a significant 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 trading volume, of 31,900 shares, the short-interest ratio is currently 0.7 days.

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

NFTY opened at $58.50 on Tuesday. The company has a market cap of $274.95 million, a P/E 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. The business’s 50-day moving average price is $60.01 and its 200-day moving average price is $61.12.

First Trust India NIFTY 50 Equal Weight ETF Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.7608 dividend. The ex-dividend date of this dividend is Friday, December 13th.

Hedge Funds Weigh In On First Trust India NIFTY 50 Equal Weight ETF

A number of hedge funds have recently modified their holdings of NFTY. Marmo Financial Group LLC raised its holdings in First Trust India NIFTY 50 Equal Weight ETF by 77.7% in the 3rd quarter. Marmo Financial Group LLC now owns 186,015 shares of the company’s stock worth $12,061,000 after purchasing an additional 81,351 shares in the last quarter. Benjamin Edwards Inc. bought a new position in First Trust India NIFTY 50 Equal Weight ETF in the third quarter worth about $3,866,000. Beck Capital Management LLC purchased a new stake in First Trust India NIFTY 50 Equal Weight ETF in the second quarter worth about $2,013,000. Archer Investment Corp boosted its position in First Trust India NIFTY 50 Equal Weight ETF by 25.3% during the 3rd quarter. Archer Investment Corp now owns 117,098 shares of the company’s stock valued at $7,593,000 after acquiring an additional 23,610 shares in the last quarter. Finally, StoneX Group Inc. boosted its position in First Trust India NIFTY 50 Equal Weight ETF by 12.7% during the 3rd quarter. StoneX Group Inc. now owns 141,786 shares of the company’s stock valued at $9,193,000 after acquiring an additional 16,003 shares in the last quarter.

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.