NYLI FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) Sees Strong Trading Volume – Time to Buy?

NYLI FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) saw unusually-high trading volume on Monday . Approximately 576,990 shares were traded during trading, an increase of 341% from the previous session’s volume of 130,743 shares.The stock last traded at $26.84 and had previously closed at $26.63.

NYLI FTSE International Equity Currency Neutral ETF Stock Performance

The firm has a market cap of $591.58 million, a PE ratio of 13.81 and a beta of 0.74. The company’s 50-day simple moving average is $26.98 and its two-hundred day simple moving average is $26.97.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HFXI. FMR LLC raised its holdings in NYLI FTSE International Equity Currency Neutral ETF by 349.8% in the 3rd quarter. FMR LLC now owns 3,999 shares of the company’s stock worth $111,000 after purchasing an additional 3,110 shares in the last quarter. Comerica Bank raised its holdings in NYLI FTSE International Equity Currency Neutral ETF by 18.2% in the 1st quarter. Comerica Bank now owns 5,684 shares of the company’s stock worth $153,000 after purchasing an additional 877 shares in the last quarter. Covenant Asset Management LLC raised its holdings in NYLI FTSE International Equity Currency Neutral ETF by 5.2% in the 3rd quarter. Covenant Asset Management LLC now owns 8,967 shares of the company’s stock worth $248,000 after purchasing an additional 447 shares in the last quarter. Dynamic Advisor Solutions LLC raised its holdings in NYLI FTSE International Equity Currency Neutral ETF by 12.0% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 11,532 shares of the company’s stock worth $319,000 after purchasing an additional 1,235 shares in the last quarter. Finally, D.A. Davidson & CO. raised its holdings in NYLI FTSE International Equity Currency Neutral ETF by 45.4% in the 3rd quarter. D.A. Davidson & CO. now owns 27,534 shares of the company’s stock worth $761,000 after purchasing an additional 8,594 shares in 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.