Short Interest in NYLI FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) Drops By 93.6%

NYLI FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 48,741 shares, a decline of 93.6% from the May 14th total of 762,928 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 349,187 shares, the days-to-cover ratio is presently 0.1 days.

NYLI FTSE International Equity Currency Neutral ETF Price Performance

NYSEARCA HFXI traded down $0.47 on Wednesday, hitting $36.46. The company had a trading volume of 106,259 shares, compared to its average volume of 281,523. The company has a market capitalization of $1.59 billion, a PE ratio of 15.93 and a beta of 0.70. The company’s fifty day moving average price is $36.13 and its 200-day moving average price is $34.57. NYLI FTSE International Equity Currency Neutral ETF has a 12-month low of $28.34 and a 12-month high of $38.11.

Institutional Investors Weigh In On NYLI FTSE International Equity Currency Neutral ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in HFXI. Raymond James Financial Inc. increased its holdings in NYLI FTSE International Equity Currency Neutral ETF by 4.8% in 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. Bank of America Corp DE increased its holdings in NYLI FTSE International Equity Currency Neutral ETF by 0.3% in the 2nd quarter. Bank of America Corp DE now owns 2,764,012 shares of the company’s stock worth $81,455,000 after acquiring an additional 7,886 shares in the last quarter. Redwood Financial Network Corp increased its holdings in NYLI FTSE International Equity Currency Neutral ETF by 20.9% in the 2nd quarter. Redwood Financial Network Corp now owns 52,014 shares of the company’s stock worth $1,533,000 after acquiring an additional 8,984 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in NYLI FTSE International Equity Currency Neutral ETF by 13.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 215,896 shares of the company’s stock worth $6,695,000 after acquiring an additional 26,104 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in NYLI FTSE International Equity Currency Neutral ETF by 8.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 98,094 shares of the company’s stock worth $3,042,000 after acquiring an additional 7,725 shares in the last quarter.

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.