First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY – Get Rating) saw a significant decrease in short interest in the month of December. As of December 30th, there was short interest totalling 7,100 shares, a decrease of 73.4% from the December 15th total of 26,700 shares. Based on an average daily trading volume, of 17,200 shares, the days-to-cover ratio is presently 0.4 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. UBS Group AG boosted its holdings in First Trust India NIFTY 50 Equal Weight ETF by 69.9% in the first quarter. UBS Group AG now owns 1,606 shares of the company's stock valued at $74,000 after acquiring an additional 661 shares during the last quarter. Sandy Spring Bank bought a new stake in First Trust India NIFTY 50 Equal Weight ETF in the third quarter valued at approximately $281,000. Citadel Advisors LLC boosted its holdings in First Trust India NIFTY 50 Equal Weight ETF by 57.4% in the second quarter. Citadel Advisors LLC now owns 10,378 shares of the company's stock valued at $428,000 after acquiring an additional 3,784 shares during the last quarter. Advisor Group Holdings Inc. boosted its holdings in First Trust India NIFTY 50 Equal Weight ETF by 148.0% in the first quarter. Advisor Group Holdings Inc. now owns 10,159 shares of the company's stock valued at $441,000 after acquiring an additional 6,063 shares during the last quarter. Finally, Laurel Wealth Advisors Inc. bought a new stake in First Trust India NIFTY 50 Equal Weight ETF in the third quarter valued at approximately $464,000.
Get First Trust India NIFTY 50 Equal Weight ETF alerts:First Trust India NIFTY 50 Equal Weight ETF Stock Performance
Shares of First Trust India NIFTY 50 Equal Weight ETF stock traded down $0.07 on Wednesday, hitting $44.60. The stock had a trading volume of 6,955 shares, compared to its average volume of 11,596. The stock has a 50 day moving average of $45.10 and a 200 day moving average of $44.60. First Trust India NIFTY 50 Equal Weight ETF has a twelve month low of $40.00 and a twelve month high of $49.22.
First Trust India NIFTY 50 Equal Weight ETF Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Tuesday, December 27th were paid a $1.054 dividend. The ex-dividend date of this dividend was Friday, December 23rd. This represents a $4.22 annualized dividend and a dividend yield of 9.45%. This is an increase from First Trust India NIFTY 50 Equal Weight ETF's previous quarterly dividend of $0.23.Further Reading
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