NYLI Candriam International Equity ETF (NYSEARCA:IQSI) Sees Significant Increase in Short Interest

NYLI Candriam International Equity ETF (NYSEARCA:IQSI) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 35,900 shares, a growth of 1,733.5% from the February 12th total of 1,958 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 18,720 shares, the days-to-cover ratio is presently 1.9 days. Based on an average daily trading volume, of 18,720 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.6% of the shares of the stock are sold short.

NYLI Candriam International Equity ETF Stock Performance

Shares of IQSI traded up $0.11 during mid-day trading on Tuesday, hitting $36.54. 40,657 shares of the stock were exchanged, compared to its average volume of 10,201. The company has a market cap of $222.89 million, a PE ratio of 17.66 and a beta of 0.87. NYLI Candriam International Equity ETF has a 52-week low of $26.30 and a 52-week high of $39.04. The firm has a 50-day moving average of $37.04 and a two-hundred day moving average of $35.32.

Institutional Investors Weigh In On NYLI Candriam International Equity ETF

Hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its holdings in NYLI Candriam International Equity ETF by 65.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 147,447 shares of the company’s stock valued at $5,018,000 after purchasing an additional 58,277 shares during the last quarter. New York Life Investment Management LLC lifted its stake in NYLI Candriam International Equity ETF by 1.4% in the third quarter. New York Life Investment Management LLC now owns 5,046,991 shares of the company’s stock worth $171,769,000 after purchasing an additional 71,242 shares during the last quarter. Seeds Investor LLC boosted its position in shares of NYLI Candriam International Equity ETF by 50.4% during the second quarter. Seeds Investor LLC now owns 109,597 shares of the company’s stock valued at $3,639,000 after buying an additional 36,725 shares during the period. Rossby Financial LCC purchased a new position in shares of NYLI Candriam International Equity ETF during the third quarter valued at approximately $307,000. Finally, Orion Porfolio Solutions LLC grew its stake in shares of NYLI Candriam International Equity ETF by 301.9% during the second quarter. Orion Porfolio Solutions LLC now owns 175,393 shares of the company’s stock valued at $5,823,000 after buying an additional 131,752 shares during the last quarter.

NYLI Candriam International Equity ETF Company Profile

The IQ Candriam ESG International Equity ETF (IQSI) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a proprietary index of developed-market stocks selected by ESG criteria and weighted by market-cap. IQSI was launched on Dec 17, 2019 and is managed by IndexIQ.