First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Short Interest Up 138.4% in March

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 32,900 shares, a growth of 138.4% from the February 29th total of 13,800 shares. Based on an average daily trading volume, of 30,200 shares, the days-to-cover ratio is currently 1.1 days.

First Trust India NIFTY 50 Equal Weight ETF Stock Up 1.9 %

Shares of NFTY stock traded up $1.04 on Thursday, reaching $56.96. The stock had a trading volume of 15,107 shares, compared to its average volume of 31,315. The firm’s 50-day moving average is $56.13 and its two-hundred day moving average is $52.43. The firm has a market capitalization of $142.40 million, a price-to-earnings ratio of 17.83 and a beta of 0.72. First Trust India NIFTY 50 Equal Weight ETF has a 12 month low of $41.51 and a 12 month high of $58.25.

First Trust India NIFTY 50 Equal Weight ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd will be issued a $0.0785 dividend. The ex-dividend date of this dividend is Thursday, March 21st. This represents a $0.31 annualized dividend and a dividend yield of 0.55%.

Institutional Trading of First Trust India NIFTY 50 Equal Weight ETF

Several hedge funds and other institutional investors have recently modified their holdings of NFTY. OLD Mission Capital LLC bought a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF in the fourth quarter valued at approximately $227,000. Kestra Advisory Services LLC boosted its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 4.9% during the 4th quarter. Kestra Advisory Services LLC now owns 147,313 shares of the company’s stock worth $7,964,000 after acquiring an additional 6,860 shares in the last quarter. Envestnet Asset Management Inc. raised its position in First Trust India NIFTY 50 Equal Weight ETF by 70.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 20,294 shares of the company’s stock valued at $1,097,000 after purchasing an additional 8,367 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in First Trust India NIFTY 50 Equal Weight ETF during the fourth quarter worth $610,000. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 18.2% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 39,183 shares of the company’s stock valued at $2,118,000 after purchasing an additional 6,021 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.