NYLI FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) Sees Significant Drop in Short Interest
by Mitch Edgeman · The Markets DailyNYLI FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI – Get Free Report) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 48,741 shares, a decrease of 93.6% from the May 14th total of 762,928 shares. Based on an average daily volume of 349,187 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.
NYLI FTSE International Equity Currency Neutral ETF Price Performance
HFXI traded down $0.02 on Tuesday, hitting $36.93. 243,012 shares of the stock were exchanged, compared to its average volume of 283,146. NYLI FTSE International Equity Currency Neutral ETF has a 12 month low of $28.34 and a 12 month high of $38.11. The business has a 50-day moving average of $36.13 and a two-hundred day moving average of $34.57. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 15.93 and a beta of 0.70.
Institutional Investors Weigh In On NYLI FTSE International Equity Currency Neutral ETF
Institutional investors and hedge funds have recently bought and sold shares of the company. IFP Advisors Inc bought a new stake in NYLI FTSE International Equity Currency Neutral ETF during the fourth quarter worth about $25,000. GHP Investment Advisors Inc. acquired a new position in NYLI FTSE International Equity Currency Neutral ETF during the first quarter worth about $34,000. Kestra Advisory Services LLC acquired a new position in NYLI FTSE International Equity Currency Neutral ETF during the fourth quarter worth about $39,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in NYLI FTSE International Equity Currency Neutral ETF during the fourth quarter worth about $49,000. Finally, Advisory Services Network LLC acquired a new position in NYLI FTSE International Equity Currency Neutral ETF during the third quarter worth about $58,000.
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.