First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Shares Shorted: Short Interest Up 95.2% in September

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 49,332 shares, an increase of 95.2% from the September 15th total of 25,271 shares. Approximately 2.5% of the company’s shares are sold short. Based on an average daily trading volume, of 23,199 shares, the days-to-cover ratio is currently 2.1 days.

First Trust India NIFTY 50 Equal Weight ETF Stock Performance

NASDAQ NFTY traded down $0.32 on Wednesday, hitting $51.14. 2,870 shares of the stock were exchanged, compared to its average volume of 29,023. First Trust India NIFTY 50 Equal Weight ETF has a 52-week low of $49.25 and a 52-week high of $60.70. The firm has a market capitalization of $99.72 million, a P/E ratio of 24.33 and a beta of 0.46. The stock has a fifty day moving average price of $53.03 and a two-hundred day moving average price of $53.26.

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

Several institutional investors have recently made changes to their positions in NFTY. Crumly & Associates Inc. boosted its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 4.0% during the 2nd quarter. Crumly & Associates Inc. now owns 293,242 shares of the company’s stock worth $15,775,000 after purchasing an additional 11,233 shares during the period. Merkkuri Wealth Advisors LLC grew its holdings in First Trust India NIFTY 50 Equal Weight ETF by 2.6% during the 1st quarter. Merkkuri Wealth Advisors LLC now owns 35,391 shares of the company’s stock valued at $1,823,000 after purchasing an additional 896 shares during the last quarter. Private Client Services LLC bought a new position in First Trust India NIFTY 50 Equal Weight ETF during the 3rd quarter valued at about $1,314,000. Pine Valley Investments Ltd Liability Co raised its position in First Trust India NIFTY 50 Equal Weight ETF by 4.4% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 20,053 shares of the company’s stock worth $1,033,000 after purchasing an additional 850 shares during the period. Finally, Gateway Wealth Partners LLC raised its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 111.4% in the first quarter. Gateway Wealth Partners LLC now owns 8,576 shares of the company’s stock worth $442,000 after buying an additional 4,519 shares during the period.

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.