NYLI Candriam International Equity ETF (NYSEARCA:IQSI) Sees Large Increase in Short Interest

NYLI Candriam International Equity ETF (NYSEARCA:IQSI) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 281,124 shares, a growth of 683.1% from the February 26th total of 35,900 shares. Currently, 4.6% of the company’s stock are short sold. Based on an average daily volume of 37,211 shares, the days-to-cover ratio is currently 7.6 days. Based on an average daily volume of 37,211 shares, the days-to-cover ratio is currently 7.6 days. Currently, 4.6% of the company’s stock are short sold.

NYLI Candriam International Equity ETF Price Performance

Shares of NYSEARCA IQSI traded down $0.15 during midday trading on Tuesday, hitting $34.79. The company’s stock had a trading volume of 5,021 shares, compared to its average volume of 14,422. The firm has a market capitalization of $212.22 million, a price-to-earnings ratio of 17.66 and a beta of 0.87. The business’s fifty day simple moving average is $36.97 and its two-hundred day simple moving average is $35.45. NYLI Candriam International Equity ETF has a 1 year low of $26.30 and a 1 year high of $39.04.

Institutional Investors Weigh In On NYLI Candriam International Equity ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Orion Porfolio Solutions LLC boosted its position in NYLI Candriam International Equity ETF by 301.9% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 175,393 shares of the company’s stock valued at $5,823,000 after buying an additional 131,752 shares during the period. New York Life Investment Management LLC boosted its holdings in NYLI Candriam International Equity ETF by 1.4% in the third quarter. New York Life Investment Management LLC now owns 5,046,991 shares of the company’s stock valued at $171,769,000 after purchasing an additional 71,242 shares during the period. Bank of America Corp DE purchased a new position in NYLI Candriam International Equity ETF in the second quarter valued at $1,990,000. Envestnet Asset Management Inc. grew its stake in NYLI Candriam International Equity ETF by 65.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 147,447 shares of the company’s stock worth $5,018,000 after purchasing an additional 58,277 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in NYLI Candriam International Equity ETF during the 1st quarter worth $1,093,000.

NYLI Candriam International Equity ETF Company Profile

The IQ Candriam ESG International Equity ETF (IQSI) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a proprietary index of developed-market stocks selected by ESG criteria and weighted by market-cap. IQSI was launched on Dec 17, 2019 and is managed by IndexIQ.