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

NYLIM FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 383,620 shares, a growth of 54.5% from the August 31st total of 248,370 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 418,678 shares, the days-to-cover ratio is presently 0.9 days.

NYLIM FTSE International Equity Currency Neutral ETF Price Performance

NYLIM FTSE International Equity Currency Neutral ETF stock opened at $37.07 on Friday. The firm has a market cap of $2.28 billion, a PE ratio of 15.93 and a beta of 0.71. The stock’s fifty day moving average price is $37.80 and its two-hundred day moving average price is $36.86. NYLIM FTSE International Equity Currency Neutral ETF has a one year low of $30.80 and a one year high of $38.75.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Royal Bank of Canada increased its holdings in NYLIM FTSE International Equity Currency Neutral ETF by 271.8% in the 1st quarter. Royal Bank of Canada now owns 719,888 shares of the company’s stock valued at $24,174,000 after buying an additional 526,266 shares during the period. Mason & Associates Inc raised its position in shares of NYLIM FTSE International Equity Currency Neutral ETF by 4.1% in the 1st quarter. Mason & Associates Inc now owns 656,839 shares of the company’s stock valued at $21,387,000 after buying an additional 25,567 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of NYLIM FTSE International Equity Currency Neutral ETF by 87.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 245,175 shares of the company’s stock worth $7,956,000 after acquiring an additional 114,195 shares during the period. Hilton Head Capital Partners LLC bought a new stake in shares of NYLIM FTSE International Equity Currency Neutral ETF during the 4th quarter worth approximately $850,000. Finally, Atticus Wealth Management LLC boosted its position in shares of NYLIM FTSE International Equity Currency Neutral ETF by 99.0% during the 2nd quarter. Atticus Wealth Management LLC now owns 28,466 shares of the company’s stock worth $1,084,000 after acquiring an additional 14,164 shares in the last quarter.

NYLIM 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.