In this paper, we prove that a noncompact complete hypersurface with finite weighted volume, weighted mean curvature vector bounded in norm, and isometrically immersed in a complete weighted manifold is proper. In addition, we obtain an estimate for f -stability index of a constant weighted mean curvature hypersurface with finite weighted volume and isometrically immersed in a shrinking gradient Ricci soliton that admits at least one parallel field globally defined. For such hypersurface, we still give a necessary condition for equality to be achieved in the estimate obtained.where ⊥ symbolizes the projection above the normal bundle of M . The weighted mean curvature vector of M is defined byand its the weighted mean curvature H f is given bywhere H = trA and η is unit outside normal vector field. The hypersurface M is called fminimal when its weighted mean curvature vector H f vanishes identically, and when there exists real constant C such that H f = −Cη, we say the hypersurface M has constant weighted mean curvature.The weighted volume of a measurable set Ω ⊂ M is given byLet B M r be the geodesic ball of M with center in a fixed point o ∈ M and radius r > 0. It is said that the weighted volume of M has polynomial growth if there exists positive numbers α and C such that (1.2) V ol f (B M r ∩ M ) ≤ Cr α f -STABILITY INDEX OF THE CONSTANT WEIGHTED MEAN CURVATURE HYPERSURFACES