NYLIM FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) Sees Strong Trading Volume – What’s Next?

NYLIM FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) saw unusually-high trading volume on Tuesday. Approximately 344,847 shares were traded during trading, an increase of 6% from the previous session’s volume of 326,854 shares. The stock last traded at $36.4810 and had previously closed at $36.30.

NYLIM FTSE International Equity Currency Neutral ETF Stock Performance

The stock has a market capitalization of $2.32 billion, a PE ratio of 15.93 and a beta of 0.71. The stock’s 50 day moving average is $37.66 and its two-hundred day moving average is $37.16.

Hedge Funds Weigh In On NYLIM FTSE International Equity Currency Neutral ETF

A number of hedge funds have recently made changes to their positions in HFXI. GHP Investment Advisors Inc. acquired a new stake in shares of NYLIM FTSE International Equity Currency Neutral ETF in the first quarter worth approximately $34,000. Western Wealth Management LLC acquired a new position in NYLIM FTSE International Equity Currency Neutral ETF in the 1st quarter valued at $67,000. Integrated Wealth Concepts LLC purchased a new position in NYLIM FTSE International Equity Currency Neutral ETF in the 2nd quarter valued at $80,000. Webster Bank N. A. purchased a new position in NYLIM FTSE International Equity Currency Neutral ETF in the 1st quarter valued at $98,000. Finally, Fifth Third Bancorp purchased a new position in NYLIM FTSE International Equity Currency Neutral ETF in the 1st quarter valued at $101,000.

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.