NYLIM FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) Sees Unusually-High Trading Volume – Should You Buy?

NYLIM FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) saw strong trading volume on Monday. Approximately 760,384 shares were traded during mid-day trading, an increase of 129% from the previous session’s volume of 332,268 shares. The stock last traded at $36.2310 and had previously closed at $36.07.

NYLIM FTSE International Equity Currency Neutral ETF Stock Up 0.7%

The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 15.93 and a beta of 0.71. The stock has a fifty day moving average of $37.49 and a two-hundred day moving average of $37.22.

Hedge Funds Weigh In On NYLIM FTSE International Equity Currency Neutral ETF

Large investors have recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its stake in shares of NYLIM FTSE International Equity Currency Neutral ETF by 19.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 386,956 shares of the company’s stock valued at $14,739,000 after purchasing an additional 62,510 shares in the last quarter. NorthRock Partners LLC increased its position in NYLIM FTSE International Equity Currency Neutral ETF by 16.7% during the 2nd quarter. NorthRock Partners LLC now owns 80,022 shares of the company’s stock worth $3,048,000 after purchasing an additional 11,440 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in NYLIM FTSE International Equity Currency Neutral ETF during the 2nd quarter worth approximately $80,000. NewEdge Advisors LLC raised its holdings in NYLIM FTSE International Equity Currency Neutral ETF by 1,544.1% in the second quarter. NewEdge Advisors LLC now owns 70,435 shares of the company’s stock valued at $2,683,000 after buying an additional 66,151 shares during the period. Finally, NWF Advisory Services Inc. purchased a new position in NYLIM FTSE International Equity Currency Neutral ETF in the second quarter valued at approximately $240,000.

About NYLIM 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.