First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Short Interest Up 430.2% in January

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTYGet Free Report) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 28,100 shares, a growth of 430.2% from the January 15th total of 5,300 shares. Based on an average daily volume of 19,700 shares, the short-interest ratio is currently 1.4 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Atria Wealth Solutions Inc. boosted its stake in First Trust India NIFTY 50 Equal Weight ETF by 8.3% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 7,218 shares of the company’s stock worth $345,000 after purchasing an additional 551 shares during the period. Foundations Investment Advisors LLC bought a new stake in First Trust India NIFTY 50 Equal Weight ETF in the 3rd quarter valued at $264,000. Bank of Montreal Can bought a new position in shares of First Trust India NIFTY 50 Equal Weight ETF during the 2nd quarter valued at about $67,000. Archer Investment Corp increased its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 41.5% in the third quarter. Archer Investment Corp now owns 73,066 shares of the company’s stock worth $3,554,000 after purchasing an additional 21,425 shares during the last quarter. Finally, NBC Securities Inc. bought a new stake in First Trust India NIFTY 50 Equal Weight ETF in the 3rd quarter worth approximately $95,000.

First Trust India NIFTY 50 Equal Weight ETF Stock Performance

Shares of NASDAQ NFTY traded up $0.09 during midday trading on Monday, hitting $55.91. 10,409 shares of the company’s stock traded hands, compared to its average volume of 28,642. The stock has a market capitalization of $139.78 million, a price-to-earnings ratio of 17.83 and a beta of 0.72. The firm has a fifty day moving average of $54.00 and a 200 day moving average of $50.37. First Trust India NIFTY 50 Equal Weight ETF has a 1 year low of $40.74 and a 1 year high of $56.70.

About First Trust India NIFTY 50 Equal Weight ETF

(Get Free Report)

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.

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