NYLI FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) Sees Large Volume Increase – Still a Buy?

Shares of NYLI FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) saw strong trading volume on Thursday . 654,986 shares changed hands during trading, an increase of 156% from the previous session’s volume of 255,525 shares.The stock last traded at $28.07 and had previously closed at $28.35.

NYLI FTSE International Equity Currency Neutral ETF Stock Down 0.8 %

The company has a market cap of $1.02 billion, a price-to-earnings ratio of 16.70 and a beta of 0.79. The business has a 50-day simple moving average of $27.06 and a two-hundred day simple moving average of $27.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its holdings in NYLI FTSE International Equity Currency Neutral ETF by 32.4% during the fourth quarter. Ameriprise Financial Inc. now owns 5,170,903 shares of the company’s stock valued at $134,740,000 after purchasing an additional 1,264,805 shares in the last quarter. New York Life Investment Management LLC boosted its stake in shares of NYLI FTSE International Equity Currency Neutral ETF by 0.9% in the 4th quarter. New York Life Investment Management LLC now owns 4,189,063 shares of the company’s stock valued at $109,167,000 after purchasing an additional 39,305 shares in the last quarter. Sanctuary Advisors LLC grew its stake in NYLI FTSE International Equity Currency Neutral ETF by 10.2% during the fourth quarter. Sanctuary Advisors LLC now owns 1,556,671 shares of the company’s stock worth $42,668,000 after buying an additional 144,246 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of NYLI FTSE International Equity Currency Neutral ETF by 8.1% in the 4th quarter. Bank of America Corp DE now owns 1,405,269 shares of the company’s stock worth $36,621,000 after acquiring an additional 105,222 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in NYLI FTSE International Equity Currency Neutral ETF by 11.3% during the 4th quarter. LPL Financial LLC now owns 1,145,527 shares of the company’s stock valued at $29,852,000 after purchasing an additional 116,144 shares in the last quarter.

NYLI FTSE International Equity Currency Neutral ETF Company Profile

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.