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

NYLI FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 1,011,122 shares, an increase of 2,388.2% from the January 15th total of 40,636 shares. Approximately 2.7% of the company’s stock are sold short. Based on an average trading volume of 187,422 shares, the short-interest ratio is presently 5.4 days. Based on an average trading volume of 187,422 shares, the short-interest ratio is presently 5.4 days. Approximately 2.7% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in shares of NYLI FTSE International Equity Currency Neutral ETF by 8.6% in the 3rd quarter. Bank of America Corp DE now owns 3,001,976 shares of the company’s stock valued at $93,091,000 after purchasing an additional 237,964 shares during the last quarter. Mason & Associates Inc grew its stake in shares of NYLI FTSE International Equity Currency Neutral ETF by 48.1% during the third quarter. Mason & Associates Inc now owns 650,287 shares of the company’s stock worth $20,165,000 after purchasing an additional 211,265 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in NYLI FTSE International Equity Currency Neutral ETF in the second quarter valued at $5,260,000. Diversify Advisory Services LLC raised its stake in NYLI FTSE International Equity Currency Neutral ETF by 160.2% in the fourth quarter. Diversify Advisory Services LLC now owns 249,631 shares of the company’s stock valued at $8,500,000 after buying an additional 153,694 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of NYLI FTSE International Equity Currency Neutral ETF by 4.8% during the 2nd quarter. Raymond James Financial Inc. now owns 2,081,457 shares of the company’s stock worth $61,341,000 after acquiring an additional 95,122 shares in the last quarter.

NYLI FTSE International Equity Currency Neutral ETF Trading Up 0.2%

HFXI traded up $0.06 on Tuesday, hitting $35.51. 131,538 shares of the company were exchanged, compared to its average volume of 268,250. The firm has a 50-day moving average price of $33.32 and a two-hundred day moving average price of $31.89. NYLI FTSE International Equity Currency Neutral ETF has a twelve month low of $24.28 and a twelve month high of $35.84. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 15.93 and a beta of 0.74.

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.