NYLI FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) Sees Significant Drop in Short Interest

NYLI FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 48,741 shares, a decline of 93.6% from the May 14th total of 762,928 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 349,187 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of NYLI FTSE International Equity Currency Neutral ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Western Wealth Management LLC bought a new stake in shares of NYLI FTSE International Equity Currency Neutral ETF during the first quarter worth about $67,000. Royal Bank of Canada grew its holdings in shares of NYLI FTSE International Equity Currency Neutral ETF by 271.8% during the first quarter. Royal Bank of Canada now owns 719,888 shares of the company’s stock worth $24,174,000 after purchasing an additional 526,266 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of NYLI FTSE International Equity Currency Neutral ETF by 51.2% during the first quarter. Cetera Investment Advisers now owns 142,949 shares of the company’s stock worth $4,800,000 after purchasing an additional 48,403 shares during the last quarter. Signature Equity Partners LLC grew its holdings in shares of NYLI FTSE International Equity Currency Neutral ETF by 372.6% during the first quarter. Signature Equity Partners LLC now owns 5,000 shares of the company’s stock worth $168,000 after purchasing an additional 3,942 shares during the last quarter. Finally, Fifth Third Bancorp bought a new stake in shares of NYLI FTSE International Equity Currency Neutral ETF during the first quarter worth about $101,000.

NYLI FTSE International Equity Currency Neutral ETF Stock Performance

Shares of NYSEARCA:HFXI traded down $0.02 during midday trading on Tuesday, hitting $36.93. 243,012 shares of the stock were exchanged, compared to its average volume of 283,146. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 15.93 and a beta of 0.70. The business’s 50-day moving average price is $36.13 and its 200 day moving average price is $34.57. NYLI FTSE International Equity Currency Neutral ETF has a 12 month low of $28.34 and a 12 month high of $38.11.

About NYLI FTSE International Equity Currency Neutral ETF

The IQ 50 Percent Hedged FTSE International ETF (HFXI) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of large- and mid-cap companies located in developed nations outside of North America, with roughly half of its foreign currency exposure hedged to the USD. HFXI was launched on Jul 22, 2015 and is managed by IndexIQ.