Short Interest in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Increases By 61.5%

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 6,300 shares, an increase of 61.5% from the February 13th total of 3,900 shares. Based on an average trading volume of 33,500 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

First Trust India NIFTY 50 Equal Weight ETF Stock Performance

Shares of NFTY opened at $53.31 on Monday. 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 cap of $253.22 million, a price-to-earnings ratio of 22.78 and a beta of 0.72. The firm has a fifty day moving average of $54.17 and a 200-day moving average of $58.34.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Great Valley Advisor Group Inc. raised its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 9.8% during the fourth quarter. Great Valley Advisor Group Inc. now owns 176,126 shares of the company’s stock valued at $9,861,000 after purchasing an additional 15,712 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF during the fourth quarter valued at about $725,000. Cetera Investment Advisers raised its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 273.6% during the fourth quarter. Cetera Investment Advisers now owns 77,514 shares of the company’s stock valued at $4,340,000 after purchasing an additional 56,765 shares in the last quarter. Jane Street Group LLC raised its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 1,068.7% during the fourth quarter. Jane Street Group LLC now owns 142,727 shares of the company’s stock valued at $7,991,000 after purchasing an additional 130,515 shares in the last quarter. Finally, Coppell Advisory Solutions LLC raised its position in First Trust India NIFTY 50 Equal Weight ETF by 190.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 938 shares of the company’s stock worth $52,000 after acquiring an additional 615 shares in the last quarter.

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.