NYLIM Candriam U.S. Mid Cap Equity ETF (NYSEARCA:IQSM – Get Free Report) saw a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 527 shares, an increase of 388.0% from the October 15th total of 108 shares. Based on an average daily volume of 126,059 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.
Hedge Funds Weigh In On NYLIM Candriam U.S. Mid Cap Equity ETF
A hedge fund recently bought a new position in NYLIM Candriam U.S. Mid Cap Equity ETF stock. New York Life Investment Management LLC purchased a new position in shares of NYLIM Candriam U.S. Mid Cap Equity ETF (NYSEARCA:IQSM – Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 9,153,879 shares of the company’s stock, valued at approximately $351,912,000. NYLIM Candriam U.S. Mid Cap Equity ETF makes up approximately 2.4% of New York Life Investment Management LLC’s portfolio, making the stock its 7th biggest position. New York Life Investment Management LLC owned about 83.22% of NYLIM Candriam U.S. Mid Cap Equity ETF as of its most recent filing with the SEC.
NYLIM Candriam U.S. Mid Cap Equity ETF Stock Performance
Shares of NYLIM Candriam U.S. Mid Cap Equity ETF stock traded up $0.28 during midday trading on Wednesday, reaching $40.00. 1,411 shares of the company’s stock traded hands, compared to its average volume of 26,846. The company has a market cap of $439.96 million, a price-to-earnings ratio of 20.69 and a beta of 1.06. The company’s 50 day simple moving average is $39.12 and its 200 day simple moving average is $38.05. NYLIM Candriam U.S. Mid Cap Equity ETF has a 52 week low of $32.77 and a 52 week high of $40.88.
About NYLIM Candriam U.S. Mid Cap Equity ETF
The Iq Candriam ESG U.S. Mid Cap Equity ETF (IQSM) is an exchange-traded fund that is based on the IQ Candriam ESG U.S. Mid Cap Equity index. The fund tracks a market cap-weighted index that provides exposure to US mid-cap stocks that meet environmental, social, and corporate governance criteria. IQSM was launched on Oct 25, 2022 and is managed by IndexIQ.
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