First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Trading 0.1% Higher – What’s Next?

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)’s stock price shot up 0.1% during mid-day trading on Friday . The company traded as high as $54.21 and last traded at $54.08. 6,943 shares were traded during mid-day trading, a decline of 79% from the average session volume of 32,811 shares. The stock had previously closed at $54.04.

First Trust India NIFTY 50 Equal Weight ETF Stock Performance

The company has a market cap of $140.61 million, a P/E ratio of 24.33 and a beta of 0.45. The firm has a 50 day moving average price of $53.48 and a two-hundred day moving average price of $55.14.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. OLD Mission Capital LLC increased its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 977.1% in the fourth quarter. OLD Mission Capital LLC now owns 118,992 shares of the company’s stock worth $6,940,000 after purchasing an additional 107,945 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 348.1% during the 2nd quarter. Jane Street Group LLC now owns 73,205 shares of the company’s stock valued at $4,390,000 after buying an additional 56,870 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF during the 3rd quarter valued at approximately $1,884,000. Susquehanna International Group LLP boosted its holdings in First Trust India NIFTY 50 Equal Weight ETF by 156.3% in the 3rd quarter. Susquehanna International Group LLP now owns 39,978 shares of the company’s stock worth $2,276,000 after buying an additional 24,379 shares during the period. Finally, Ameriprise Financial Inc. bought a new position in First Trust India NIFTY 50 Equal Weight ETF in the 3rd quarter worth approximately $1,034,000.

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.