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

IQ FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI)’s stock price dropped 0.9% on Tuesday . The stock traded as low as $25.78 and last traded at $25.88. Approximately 63,286 shares changed hands 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 Trading Down 0.1 %

The firm’s fifty day simple moving average is $26.19 and its two-hundred day simple moving average is $24.75. The company has a market capitalization of $434.11 million, a price-to-earnings ratio of 12.77 and a beta of 0.79.

Institutional Investors Weigh In On IQ FTSE International Equity Currency Neutral ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HFXI. Ameriprise Financial Inc. increased its position 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 4th quarter valued at approximately $2,963,000. OLD Mission Capital LLC acquired a new position in shares of IQ FTSE International Equity Currency Neutral ETF in the 4th quarter worth approximately $1,778,000. JPMorgan Chase & Co. purchased a new position in shares of IQ FTSE International Equity Currency Neutral ETF during the 2nd quarter worth approximately $360,000. Finally, Ancora Advisors LLC purchased a new position in shares of IQ FTSE International Equity Currency Neutral ETF during the 3rd quarter worth approximately $94,000.

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.