First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Short Interest Up 705.6% in July

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 76,635 shares, a growth of 705.6% from the June 30th total of 9,513 shares. Currently, 3.1% of the company’s shares are short sold. Based on an average daily trading volume, of 20,834 shares, the short-interest ratio is presently 3.7 days.

First Trust India NIFTY 50 Equal Weight ETF Stock Performance

NFTY stock opened at $52.67 on Friday. First Trust India NIFTY 50 Equal Weight ETF has a one year low of $49.62 and a one year high of $60.70. The firm has a market cap of $129.04 million, a PE ratio of 24.33 and a beta of 0.45. The firm’s 50 day moving average price is $53.34 and its 200-day moving average price is $54.53.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sound Income Strategies LLC purchased a new stake in First Trust India NIFTY 50 Equal Weight ETF in the fourth quarter valued at $32,000. Arax Advisory Partners acquired a new position in shares of First Trust India NIFTY 50 Equal Weight ETF in the 4th quarter valued at $52,000. Rockefeller Capital Management L.P. grew its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 450.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 920 shares of the company’s stock worth $54,000 after purchasing an additional 753 shares during the period. Hazlett Burt & Watson Inc. grew its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 75.3% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 1,374 shares of the company’s stock worth $80,000 after purchasing an additional 590 shares during the period. Finally, NewEdge Advisors LLC acquired a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF during the 1st quarter worth about $127,000.

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.