NYLIM FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) Stock Breaks Above Two Hundred Day Moving Average – Time to Sell?

NYLIM FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI)’s share price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $36.46 and traded as high as $37.07. NYLIM FTSE International Equity Currency Neutral ETF shares last traded at $37.01, with a volume of 328,599 shares changing hands.

NYLIM FTSE International Equity Currency Neutral ETF Stock Performance

The company’s 50-day moving average is $37.24 and its 200-day moving average is $36.46. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 15.93 and a beta of 0.73.

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

A number of large investors have recently modified their holdings of HFXI. Western Wealth Management LLC acquired a new stake in shares of NYLIM FTSE International Equity Currency Neutral ETF in the first quarter valued at approximately $67,000. Integrated Wealth Concepts LLC acquired a new position in NYLIM FTSE International Equity Currency Neutral ETF during the 2nd quarter worth $80,000. Fifth Third Bancorp acquired a new position in NYLIM FTSE International Equity Currency Neutral ETF during the 1st quarter worth $101,000. Signature Equity Partners LLC lifted its holdings in NYLIM FTSE International Equity Currency Neutral ETF by 372.6% during the 1st quarter. Signature Equity Partners LLC now owns 5,000 shares of the company’s stock worth $168,000 after buying an additional 3,942 shares in the last quarter. Finally, NWF Advisory Services Inc. bought a new position in NYLIM FTSE International Equity Currency Neutral ETF in the 2nd quarter valued at $240,000.

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.