First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Sees Large Decrease in Short Interest

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 11,611 shares, a decrease of 59.1% from the April 15th total of 28,378 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 31,373 shares, the days-to-cover ratio is currently 0.4 days.

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

Several institutional investors and hedge funds have recently bought and sold shares of NFTY. OLD Mission Capital LLC raised its stake in First Trust India NIFTY 50 Equal Weight ETF by 977.1% during the fourth quarter. OLD Mission Capital LLC now owns 118,992 shares of the company’s stock worth $6,940,000 after acquiring an additional 107,945 shares during the period. Jane Street Group LLC raised its stake in First Trust India NIFTY 50 Equal Weight ETF by 348.1% during the second quarter. Jane Street Group LLC now owns 73,205 shares of the company’s stock worth $4,390,000 after acquiring an additional 56,870 shares during the period. Flow Traders U.S. LLC acquired a new stake in First Trust India NIFTY 50 Equal Weight ETF during the third quarter worth about $1,884,000. Susquehanna International Group LLP raised its stake in First Trust India NIFTY 50 Equal Weight ETF by 156.3% during the third quarter. Susquehanna International Group LLP now owns 39,978 shares of the company’s stock worth $2,276,000 after acquiring an additional 24,379 shares during the period. Finally, Ameriprise Financial Inc. acquired a new stake in First Trust India NIFTY 50 Equal Weight ETF during the third quarter worth about $1,034,000.

First Trust India NIFTY 50 Equal Weight ETF Stock Performance

Shares of First Trust India NIFTY 50 Equal Weight ETF stock traded down $0.30 during trading on Friday, reaching $52.91. The company had a trading volume of 24,393 shares, compared to its average volume of 34,835. The company has a market cap of $137.57 million, a price-to-earnings ratio of 24.33 and a beta of 0.46. The firm’s fifty day moving average is $53.21 and its 200-day moving average is $56.34. First Trust India NIFTY 50 Equal Weight ETF has a fifty-two week low of $49.62 and a fifty-two week high of $60.70.

First Trust India NIFTY 50 Equal Weight ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a $0.3053 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Thursday, March 26th.

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.