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

NYLI FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) saw a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 69,601 shares, a decrease of 95.9% from the February 26th total of 1,716,342 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 373,188 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 373,188 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the shares of the stock are short sold.

NYLI FTSE International Equity Currency Neutral ETF Stock Performance

Shares of NYLI FTSE International Equity Currency Neutral ETF stock traded up $0.42 during trading hours on Wednesday, hitting $33.53. The company’s stock had a trading volume of 181,006 shares, compared to its average volume of 299,160. The business has a 50 day moving average price of $34.69 and a two-hundred day moving average price of $32.92. NYLI FTSE International Equity Currency Neutral ETF has a 12-month low of $24.28 and a 12-month high of $37.87. The company has a market cap of $1.27 billion, a PE ratio of 15.93 and a beta of 0.74.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Morgan Stanley grew its holdings in NYLI FTSE International Equity Currency Neutral ETF by 7.5% during the 4th quarter. Morgan Stanley now owns 4,426,596 shares of the company’s stock valued at $143,643,000 after buying an additional 310,355 shares in the last quarter. Bank of America Corp DE boosted its position in shares of NYLI FTSE International Equity Currency Neutral ETF by 8.6% during the third quarter. Bank of America Corp DE now owns 3,001,976 shares of the company’s stock worth $93,091,000 after acquiring an additional 237,964 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of NYLI FTSE International Equity Currency Neutral ETF by 3.5% during the third quarter. Raymond James Financial Inc. now owns 2,154,288 shares of the company’s stock worth $66,804,000 after acquiring an additional 72,831 shares during the last quarter. Mariner LLC grew its stake in NYLI FTSE International Equity Currency Neutral ETF by 2.1% during the fourth quarter. Mariner LLC now owns 1,719,013 shares of the company’s stock valued at $55,783,000 after acquiring an additional 36,179 shares in the last quarter. Finally, UBS Group AG increased its holdings in NYLI FTSE International Equity Currency Neutral ETF by 6.5% in the 3rd quarter. UBS Group AG now owns 1,503,775 shares of the company’s stock valued at $46,632,000 after acquiring an additional 91,700 shares during the last quarter.

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.