NYLIM Candriam U.S. Large Cap Equity ETF (NYSEARCA:IQSU) Sees Large Decline in Short Interest

NYLIM Candriam U.S. Large Cap Equity ETF (NYSEARCA:IQSU) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 8,101 shares, a decline of 56.5% from the September 15th total of 18,605 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 4,302 shares, the short-interest ratio is presently 1.9 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in NYLIM Candriam U.S. Large Cap Equity ETF stock. Citadel Advisors LLC acquired a new stake in shares of NYLIM Candriam U.S. Large Cap Equity ETF (NYSEARCA:IQSU) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 22,282 shares of the company’s stock, valued at approximately $1,395,000. Citadel Advisors LLC owned approximately 0.41% of NYLIM Candriam U.S. Large Cap Equity ETF as of its most recent SEC filing.

NYLIM Candriam U.S. Large Cap Equity ETF Stock Performance

Shares of NYSEARCA IQSU traded down $0.07 during trading hours on Tuesday, hitting $63.73. 1,068 shares of the stock were exchanged, compared to its average volume of 12,276. The company’s fifty day simple moving average is $62.80 and its two-hundred day simple moving average is $60.36. The company has a market cap of $356.89 million, a PE ratio of 26.80 and a beta of 1.06. NYLIM Candriam U.S. Large Cap Equity ETF has a 1-year low of $49.82 and a 1-year high of $64.00.

NYLIM Candriam U.S. Large Cap Equity ETF Company Profile

The IQ Candriam ESG US Equity ETF (IQSU) is an exchange-traded fund that is based on the IQ Candriam ESG US Equity index. The fund tracks a proprietary index of large-cap US stocks selected by ESG criteria and weighted by market capitalization. IQSU was launched on Dec 17, 2019 and is managed by IndexIQ.