IQ FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) Stock Price Down 0.9%

IQ FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) dropped 0.9% on Tuesday . The stock traded as low as $25.78 and last traded at $25.88. Approximately 63,286 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 109,030 shares. The stock had previously closed at $26.13.

IQ FTSE International Equity Currency Neutral ETF Stock Down 0.9 %

The firm has a 50-day moving average price of $26.17 and a two-hundred day moving average price of $24.74. The firm has a market cap of $434.87 million, a PE ratio of 12.77 and a beta of 0.79.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HFXI. JPMorgan Chase & Co. acquired a new stake in shares of IQ FTSE International Equity Currency Neutral ETF in the second quarter valued at about $360,000. Ancora Advisors LLC purchased a new position in IQ FTSE International Equity Currency Neutral ETF in the 3rd quarter worth approximately $94,000. Ameriprise Financial Inc. boosted its holdings in shares of IQ FTSE International Equity Currency Neutral ETF by 39.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 869,278 shares of the company’s stock worth $20,102,000 after purchasing an additional 247,477 shares during the last quarter. Waterloo Capital L.P. purchased a new stake in shares of IQ FTSE International Equity Currency Neutral ETF in the fourth quarter valued at approximately $2,963,000. Finally, Comerica Bank increased its holdings in shares of IQ FTSE International Equity Currency Neutral ETF by 21.5% in the fourth quarter. Comerica Bank now owns 4,807 shares of the company’s stock valued at $120,000 after purchasing an additional 852 shares during the last quarter.

About IQ 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.