NYLI FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) Short Interest Up 231.2% in May

NYLI FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 762,928 shares, an increase of 231.2% from the April 30th total of 230,324 shares. Approximately 1.7% of the shares of the company are sold short. Based on an average daily volume of 246,367 shares, the days-to-cover ratio is presently 3.1 days.

NYLI FTSE International Equity Currency Neutral ETF Stock Up 0.1%

Shares of HFXI stock traded up $0.02 on Friday, reaching $37.74. The stock had a trading volume of 346,889 shares, compared to its average volume of 272,034. The firm’s 50-day moving average is $35.44 and its two-hundred day moving average is $34.26. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 15.93 and a beta of 0.70. NYLI FTSE International Equity Currency Neutral ETF has a 12 month low of $28.34 and a 12 month high of $37.95.

Institutional Investors Weigh In On NYLI FTSE International Equity Currency Neutral ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Morgan Stanley raised its holdings in shares of NYLI FTSE International Equity Currency Neutral ETF by 7.5% in the 4th quarter. Morgan Stanley now owns 4,426,596 shares of the company’s stock valued at $143,643,000 after purchasing an additional 310,355 shares during the period. Bank of America Corp DE raised its holdings in NYLI FTSE International Equity Currency Neutral ETF by 8.6% in the 3rd quarter. Bank of America Corp DE now owns 3,001,976 shares of the company’s stock valued at $93,091,000 after acquiring an additional 237,964 shares during the period. Raymond James Financial Inc. raised its holdings 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 during the period. Mariner LLC boosted its holdings in shares of NYLI FTSE International Equity Currency Neutral ETF by 2.1% during the fourth quarter. Mariner LLC now owns 1,719,013 shares of the company’s stock worth $55,783,000 after acquiring an additional 36,179 shares during the period. Finally, UBS Group AG grew its position in shares of NYLI FTSE International Equity Currency Neutral ETF by 6.5% in the third quarter. UBS Group AG now owns 1,503,775 shares of the company’s stock valued at $46,632,000 after purchasing an additional 91,700 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.