NYLIM FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) Sees Unusually-High Trading Volume – Here’s Why

NYLIM FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) shares saw an uptick in trading volume on Tuesday. 1,268,120 shares traded hands during mid-day trading, an increase of 275% from the average daily volume of 337,868 shares. The stock last traded at $36.3050 and had previously closed at $36.37.

NYLIM FTSE International Equity Currency Neutral ETF Stock Performance

The firm has a 50 day simple moving average of $37.30 and a two-hundred day simple moving average of $36.43. The stock has a market cap of $2.38 billion, a P/E ratio of 15.93 and a beta of 0.71.

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

A number of hedge funds and other institutional investors have recently modified their holdings of HFXI. Royal Bank of Canada increased its stake in NYLIM FTSE International Equity Currency Neutral ETF by 271.8% during the 1st quarter. Royal Bank of Canada now owns 719,888 shares of the company’s stock valued at $24,174,000 after buying an additional 526,266 shares during the period. Mason & Associates Inc boosted its holdings in shares of NYLIM FTSE International Equity Currency Neutral ETF by 4.1% in the first quarter. Mason & Associates Inc now owns 656,839 shares of the company’s stock valued at $21,387,000 after acquiring an additional 25,567 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of NYLIM FTSE International Equity Currency Neutral ETF by 19.3% in the second quarter. Envestnet Asset Management Inc. now owns 386,956 shares of the company’s stock valued at $14,739,000 after acquiring an additional 62,510 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake in shares of NYLIM FTSE International Equity Currency Neutral ETF by 2.9% during the second quarter. Concurrent Investment Advisors LLC now owns 268,863 shares of the company’s stock valued at $10,241,000 after acquiring an additional 7,584 shares during the period. Finally, Marino Stram & Associates LLC increased its stake in shares of NYLIM FTSE International Equity Currency Neutral ETF by 1.5% during the first quarter. Marino Stram & Associates LLC now owns 250,304 shares of the company’s stock valued at $8,405,000 after acquiring an additional 3,656 shares during the period.

About NYLIM 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.