NYLI FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) Sees Large Decline in Short Interest
by Teresa Graham · The Cerbat GemNYLI FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI – Get Free Report) was the target of a large drop in short interest in April. As of April 15th, there was short interest totaling 77,883 shares, a drop of 59.7% from the March 31st total of 193,228 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 242,305 shares, the short-interest ratio is currently 0.3 days.
NYLI FTSE International Equity Currency Neutral ETF Stock Performance
Shares of NYSEARCA HFXI traded up $0.18 during trading hours on Friday, hitting $35.56. 103,969 shares of the stock were exchanged, compared to its average volume of 286,125. The company has a market cap of $1.54 billion, a PE ratio of 15.93 and a beta of 0.70. The company’s fifty day simple moving average is $34.79 and its two-hundred day simple moving average is $33.51. NYLI FTSE International Equity Currency Neutral ETF has a 1-year low of $27.50 and a 1-year high of $37.87.
Institutional Trading of NYLI FTSE International Equity Currency Neutral ETF
A number of hedge funds have recently added to or reduced their stakes in HFXI. Raymond James Financial Inc. boosted its position in NYLI FTSE International Equity Currency Neutral ETF by 4.8% in the second quarter. Raymond James Financial Inc. now owns 2,081,457 shares of the company’s stock valued at $61,341,000 after buying an additional 95,122 shares in the last quarter. Bank of America Corp DE boosted its position in NYLI FTSE International Equity Currency Neutral ETF by 0.3% in the second quarter. Bank of America Corp DE now owns 2,764,012 shares of the company’s stock valued at $81,455,000 after buying an additional 7,886 shares in the last quarter. Redwood Financial Network Corp boosted its position in NYLI FTSE International Equity Currency Neutral ETF by 20.9% in the second quarter. Redwood Financial Network Corp now owns 52,014 shares of the company’s stock valued at $1,533,000 after buying an additional 8,984 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in NYLI FTSE International Equity Currency Neutral ETF by 3.5% in the third quarter. Commonwealth Equity Services LLC now owns 181,667 shares of the company’s stock valued at $5,633,000 after buying an additional 6,182 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in NYLI FTSE International Equity Currency Neutral ETF by 6.0% in the third quarter. Cerity Partners LLC now owns 579,821 shares of the company’s stock valued at $17,980,000 after buying an additional 32,806 shares in the last quarter.
NYLI FTSE International Equity Currency Neutral ETF Company Profile
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.