First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY – Get Free Report) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 32,900 shares, an increase of 138.4% from the February 29th total of 13,800 shares. Based on an average daily trading volume, of 30,200 shares, the short-interest ratio is presently 1.1 days.
Hedge Funds Weigh In On First Trust India NIFTY 50 Equal Weight ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NFTY. UBS Group AG raised its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 69.9% during the 1st quarter. UBS Group AG now owns 1,606 shares of the company’s stock worth $74,000 after buying an additional 661 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of First Trust India NIFTY 50 Equal Weight ETF during the 3rd quarter valued at $95,000. Private Trust Co. NA bought a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF in the 4th quarter worth $208,000. OLD Mission Capital LLC bought a new position in shares of First Trust India NIFTY 50 Equal Weight ETF during the 4th quarter valued at about $227,000. Finally, Synovus Financial Corp acquired a new position in shares of First Trust India NIFTY 50 Equal Weight ETF in the 3rd quarter worth approximately $223,000.
First Trust India NIFTY 50 Equal Weight ETF Stock Performance
Shares of NFTY stock traded up $1.04 during trading hours on Thursday, hitting $56.96. 15,107 shares of the company were exchanged, compared to its average volume of 31,315. The stock has a market capitalization of $142.40 million, a price-to-earnings ratio of 17.83 and a beta of 0.72. First Trust India NIFTY 50 Equal Weight ETF has a one year low of $41.51 and a one year high of $58.25. The business’s 50-day simple moving average is $56.13 and its two-hundred day simple moving average is $52.43.
First Trust India NIFTY 50 Equal Weight ETF Dividend Announcement
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.
Further Reading
- Five stocks we like better than First Trust India NIFTY 50 Equal Weight ETF
- Business Services Stocks Investing
- 3 Value Stocks Too Small For Buffett’s Portfolio
- Investing in the High PE Growth Stocks
- Foot Locker Builds Up Another Head of Steam; Gains Imminent
- 3 Warren Buffett Stocks to Buy Now
- Disney Stock Catches 3 Upgrades In a Single Week
Receive News & Ratings for First Trust India NIFTY 50 Equal Weight ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust India NIFTY 50 Equal Weight ETF and related companies with MarketBeat.com's FREE daily email newsletter.