First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Short Interest Down 39.7% in March

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) saw a significant decrease in short interest in March. As of March 15th, there was short interest totalling 3,800 shares, a decrease of 39.7% from the February 28th total of 6,300 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 33,600 shares, the short-interest ratio is currently 0.1 days.

First Trust India NIFTY 50 Equal Weight ETF Trading Down 1.2 %

Shares of First Trust India NIFTY 50 Equal Weight ETF stock traded down $0.65 during midday trading on Friday, reaching $55.46. The company had a trading volume of 33,334 shares, compared to its average volume of 30,256. The stock has a fifty day simple moving average of $54.20 and a 200 day simple moving average of $57.87. First Trust India NIFTY 50 Equal Weight ETF has a 1-year low of $51.57 and a 1-year high of $65.90. The company has a market capitalization of $227.39 million, a price-to-earnings ratio of 23.73 and a beta of 0.80.

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

Several large investors have recently made changes to their positions in NFTY. Benjamin Edwards Inc. bought a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF during the third quarter worth approximately $3,866,000. Beck Capital Management LLC lifted its holdings in First Trust India NIFTY 50 Equal Weight ETF by 2.1% during the third quarter. Beck Capital Management LLC now owns 34,089 shares of the company’s stock worth $2,210,000 after acquiring an additional 694 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake in First Trust India NIFTY 50 Equal Weight ETF by 1.3% in the third quarter. Integrated Wealth Concepts LLC now owns 67,031 shares of the company’s stock valued at $4,346,000 after acquiring an additional 876 shares during the period. Stifel Financial Corp grew its stake in First Trust India NIFTY 50 Equal Weight ETF by 7.7% in the third quarter. Stifel Financial Corp now owns 15,488 shares of the company’s stock valued at $1,004,000 after acquiring an additional 1,110 shares during the period. Finally, MML Investors Services LLC raised its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 7.0% during 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 during the period.

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.