NYLIM FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) Sees Large Volume Increase – Here’s Why

NYLIM FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) shares saw strong trading volume on Tuesday. Approximately 1,268,120 shares changed hands during 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 stock has a 50 day moving average price of $37.30 and a 200 day moving average price of $36.43. The company has a market cap of $2.38 billion, a P/E ratio of 15.93 and a beta of 0.71.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in NYLIM FTSE International Equity Currency Neutral ETF by 271.8% during the first quarter. Royal Bank of Canada now owns 719,888 shares of the company’s stock valued at $24,174,000 after purchasing an additional 526,266 shares during the last quarter. Mason & Associates Inc grew its position in 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 worth $21,387,000 after buying an additional 25,567 shares during the last quarter. Envestnet Asset Management Inc. grew its position in 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 worth $14,739,000 after buying an additional 62,510 shares during the last quarter. Concurrent Investment Advisors LLC grew its position in NYLIM FTSE International Equity Currency Neutral ETF by 2.9% in the second quarter. Concurrent Investment Advisors LLC now owns 268,863 shares of the company’s stock worth $10,241,000 after buying an additional 7,584 shares during the last quarter. Finally, Marino Stram & Associates LLC increased its holdings in shares of NYLIM FTSE International Equity Currency Neutral ETF by 1.5% in the first quarter. Marino Stram & Associates LLC now owns 250,304 shares of the company’s stock valued at $8,405,000 after buying an additional 3,656 shares in the last quarter.

NYLIM FTSE International Equity Currency Neutral ETF Company Profile

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.