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

NYLIM FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 248,370 shares, an increase of 509.7% from the August 15th total of 40,736 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average trading volume of 426,790 shares, the days-to-cover ratio is currently 0.6 days.

NYLIM FTSE International Equity Currency Neutral ETF Stock Performance

Shares of NYSEARCA HFXI traded up $0.42 during trading on Friday, reaching $37.86. The stock had a trading volume of 186,755 shares, compared to its average volume of 303,899. The stock has a market cap of $2.04 billion, a PE ratio of 15.93 and a beta of 0.71. NYLIM FTSE International Equity Currency Neutral ETF has a one year low of $30.52 and a one year high of $38.75. The firm’s 50 day moving average price is $37.75 and its two-hundred day moving average price is $36.61.

Institutional Trading of NYLIM FTSE International Equity Currency Neutral ETF

Institutional investors and hedge funds have recently modified their holdings of the business. IFP Advisors Inc bought a new stake in shares of NYLIM FTSE International Equity Currency Neutral ETF during the 4th quarter valued at about $25,000. GHP Investment Advisors Inc. acquired a new position in NYLIM FTSE International Equity Currency Neutral ETF in the first quarter valued at approximately $34,000. Kestra Advisory Services LLC acquired a new position in NYLIM FTSE International Equity Currency Neutral ETF in the fourth quarter valued at approximately $39,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of NYLIM FTSE International Equity Currency Neutral ETF during the fourth quarter valued at approximately $49,000. Finally, Advisory Services Network LLC bought a new position in shares of NYLIM FTSE International Equity Currency Neutral ETF during the third quarter valued at approximately $58,000.

About NYLIM 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.