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

NYLI FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) saw an uptick in trading volume on Friday . 484,125 shares changed hands during mid-day trading, an increase of 73% from the previous session’s volume of 279,920 shares.The stock last traded at $33.53 and had previously closed at $33.33.

NYLI FTSE International Equity Currency Neutral ETF Stock Up 1.0%

The business’s 50 day moving average price is $32.36 and its 200-day moving average price is $31.19. The company has a market cap of $1.23 billion, a PE ratio of 15.93 and a beta of 0.74.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HFXI. Dynamic Advisor Solutions LLC grew its stake in shares of NYLI FTSE International Equity Currency Neutral ETF by 4.5% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 11,776 shares of the company’s stock valued at $382,000 after acquiring an additional 508 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in NYLI FTSE International Equity Currency Neutral ETF by 0.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 207,686 shares of the company’s stock valued at $6,933,000 after purchasing an additional 665 shares in the last quarter. MRP Capital Investments LLC purchased a new stake in NYLI FTSE International Equity Currency Neutral ETF during the 3rd quarter worth approximately $501,000. Advisory Services Network LLC acquired a new position in shares of NYLI FTSE International Equity Currency Neutral ETF in the 3rd quarter valued at approximately $58,000. Finally, Kestra Private Wealth Services LLC boosted its stake in shares of NYLI FTSE International Equity Currency Neutral ETF by 2.0% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 97,338 shares of the company’s stock valued at $3,018,000 after buying an additional 1,867 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.