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

NYLI FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 762,928 shares, an increase of 231.2% from the April 30th total of 230,324 shares. Currently, 1.7% of the shares of the company are sold short. Based on an average daily volume of 246,367 shares, the days-to-cover ratio is presently 3.1 days.

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

Several hedge funds have recently made changes to their positions in HFXI. Indivisible Partners bought a new stake in NYLI FTSE International Equity Currency Neutral ETF during the fourth quarter valued at $620,000. Flynn Zito Capital Management LLC boosted its stake in NYLI FTSE International Equity Currency Neutral ETF by 2.5% during the fourth quarter. Flynn Zito Capital Management LLC now owns 635,114 shares of the company’s stock valued at $20,609,000 after buying an additional 15,260 shares during the period. Envestnet Asset Management Inc. boosted its stake in NYLI FTSE International Equity Currency Neutral ETF by 13.8% during the third quarter. Envestnet Asset Management Inc. now owns 215,896 shares of the company’s stock valued at $6,695,000 after buying an additional 26,104 shares during the period. Diversify Advisory Services LLC bought a new stake in NYLI FTSE International Equity Currency Neutral ETF during the third quarter valued at $3,081,000. Finally, MRP Capital Investments LLC bought a new stake in NYLI FTSE International Equity Currency Neutral ETF during the third quarter valued at $501,000.

NYLI FTSE International Equity Currency Neutral ETF Trading Up 0.1%

Shares of NYSEARCA HFXI traded up $0.02 during mid-day trading on Friday, hitting $37.74. The company had a trading volume of 1,656,708 shares, compared to its average volume of 284,923. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 15.93 and a beta of 0.70. NYLI FTSE International Equity Currency Neutral ETF has a 1 year low of $28.34 and a 1 year high of $37.95. The stock’s 50-day moving average price is $35.51 and its 200-day moving average price is $34.29.

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.