NYLI FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) Sees Significant Increase in Short Interest

NYLI FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) saw a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 1,011,122 shares, a growth of 2,388.2% from the January 15th total of 40,636 shares. Currently, 2.7% of the shares of the company are sold short. Based on an average daily volume of 187,422 shares, the days-to-cover ratio is currently 5.4 days. Based on an average daily volume of 187,422 shares, the days-to-cover ratio is currently 5.4 days. Currently, 2.7% of the shares of the company are sold short.

NYLI FTSE International Equity Currency Neutral ETF Price Performance

Shares of HFXI opened at $35.70 on Thursday. The firm has a market cap of $1.36 billion, a PE ratio of 15.93 and a beta of 0.74. NYLI FTSE International Equity Currency Neutral ETF has a 1 year low of $24.28 and a 1 year high of $35.86. The stock’s fifty day moving average price is $33.45 and its two-hundred day moving average price is $31.96.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its position in NYLI FTSE International Equity Currency Neutral ETF by 8.6% during the third quarter. Bank of America Corp DE now owns 3,001,976 shares of the company’s stock valued at $93,091,000 after buying an additional 237,964 shares during the period. Raymond James Financial Inc. lifted its position in NYLI FTSE International Equity Currency Neutral ETF by 3.5% in the 3rd quarter. Raymond James Financial Inc. now owns 2,154,288 shares of the company’s stock valued at $66,804,000 after acquiring an additional 72,831 shares in the last quarter. Mariner LLC lifted its holdings in shares of NYLI FTSE International Equity Currency Neutral ETF by 1.9% during the third quarter. Mariner LLC now owns 1,682,834 shares of the company’s stock valued at $52,185,000 after purchasing an additional 30,601 shares in the last quarter. UBS Group AG boosted its position in shares of NYLI FTSE International Equity Currency Neutral ETF by 6.5% during the third quarter. UBS Group AG now owns 1,503,775 shares of the company’s stock valued at $46,632,000 after buying an additional 91,700 shares during the last quarter. Finally, LPL Financial LLC raised its position in NYLI FTSE International Equity Currency Neutral ETF by 12.4% in the 4th quarter. LPL Financial LLC now owns 1,480,458 shares of the company’s stock worth $48,041,000 after buying an additional 163,093 shares during 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.