NYLIM FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) Stock Price Breaks Above 200 Day Moving Average – Here’s Why

NYLIM FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) shares passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $36.46 and traded as high as $37.07. NYLIM FTSE International Equity Currency Neutral ETF shares last traded at $37.01, with a volume of 328,599 shares changing hands.

NYLIM FTSE International Equity Currency Neutral ETF Trading Down 0.4%

The stock has a fifty day simple moving average of $37.13 and a 200-day simple moving average of $36.47. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 15.93 and a beta of 0.73.

Institutional Trading of NYLIM FTSE International Equity Currency Neutral ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Western Wealth Management LLC bought a new stake in NYLIM FTSE International Equity Currency Neutral ETF in the 1st quarter valued at $67,000. Integrated Wealth Concepts LLC bought a new position in shares of NYLIM FTSE International Equity Currency Neutral ETF during the 2nd quarter worth about $80,000. Fifth Third Bancorp bought a new position in shares of NYLIM FTSE International Equity Currency Neutral ETF during the 1st quarter worth about $101,000. Signature Equity Partners LLC boosted its position in shares of NYLIM FTSE International Equity Currency Neutral ETF by 372.6% during the 1st quarter. Signature Equity Partners LLC now owns 5,000 shares of the company’s stock valued at $168,000 after acquiring an additional 3,942 shares in the last quarter. Finally, NWF Advisory Services Inc. acquired a new stake in shares of NYLIM FTSE International Equity Currency Neutral ETF during the 2nd quarter valued at about $240,000.

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.