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

Shares of NYLI FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) saw strong trading volume on Wednesday . 2,284,215 shares traded hands during mid-day trading, an increase of 1,175% from the previous session’s volume of 179,190 shares.The stock last traded at $26.69 and had previously closed at $26.65.

NYLI FTSE International Equity Currency Neutral ETF Stock Down 1.1 %

The business’s 50 day moving average is $27.42 and its 200-day moving average is $26.99. The firm has a market capitalization of $966.09 million, a P/E ratio of 14.32 and a beta of 0.73.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in NYLI FTSE International Equity Currency Neutral ETF by 329.8% in the first quarter. Farther Finance Advisors LLC now owns 369,966 shares of the company’s stock valued at $10,204,000 after acquiring an additional 283,894 shares during the last quarter. GGM Financials LLC boosted its holdings in shares of NYLI FTSE International Equity Currency Neutral ETF by 1.7% during the 1st quarter. GGM Financials LLC now owns 39,098 shares of the company’s stock worth $1,076,000 after buying an additional 651 shares in the last quarter. Advisor Resource Council acquired a new stake in shares of NYLI FTSE International Equity Currency Neutral ETF during the 4th quarter worth approximately $367,000. Revisor Wealth Management LLC boosted its stake in NYLI FTSE International Equity Currency Neutral ETF by 45.2% during the fourth quarter. Revisor Wealth Management LLC now owns 40,510 shares of the company’s stock worth $1,090,000 after acquiring an additional 12,616 shares in the last quarter. Finally, GTS Securities LLC acquired a new stake in NYLI FTSE International Equity Currency Neutral ETF in the fourth quarter worth $240,000.

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.