NYLI Candriam U.S. Mid Cap Equity ETF (NYSEARCA:IQSM) Sees Significant Decline in Short Interest

NYLI Candriam U.S. Mid Cap Equity ETF (NYSEARCA:IQSM) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 5,374 shares, a decline of 19.0% from the December 31st total of 6,636 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 5,022 shares, the days-to-cover ratio is currently 1.1 days. Based on an average trading volume of 5,022 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Trading of NYLI Candriam U.S. Mid Cap Equity ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Seeds Investor LLC boosted its holdings in shares of NYLI Candriam U.S. Mid Cap Equity ETF by 55.8% in the 2nd quarter. Seeds Investor LLC now owns 77,010 shares of the company’s stock valued at $2,483,000 after purchasing an additional 27,575 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in NYLI Candriam U.S. Mid Cap Equity ETF during the third quarter valued at about $347,000. Finally, Rossby Financial LCC acquired a new stake in NYLI Candriam U.S. Mid Cap Equity ETF during the third quarter worth about $111,000.

NYLI Candriam U.S. Mid Cap Equity ETF Stock Up 1.0%

NYSEARCA IQSM traded up $0.36 during trading hours on Wednesday, hitting $36.23. 2,606 shares of the stock were exchanged, compared to its average volume of 23,058. The company has a market cap of $231.88 million, a price-to-earnings ratio of 20.02 and a beta of 1.21. NYLI Candriam U.S. Mid Cap Equity ETF has a 12-month low of $26.78 and a 12-month high of $36.74. The stock has a 50-day moving average of $35.41 and a 200 day moving average of $34.32.

About NYLI Candriam U.S. Mid Cap Equity ETF

The Iq Candriam ESG U.S. Mid Cap Equity ETF (IQSM) is an exchange-traded fund that is based on the IQ Candriam ESG U.S. Mid Cap Equity index. The fund tracks a market cap-weighted index that provides exposure to US mid-cap stocks that meet environmental, social, and corporate governance criteria. IQSM was launched on Oct 25, 2022 and is managed by IndexIQ.