NYLI Candriam International Equity ETF (NYSEARCA:IQSI) Sees Large Decline in Short Interest

NYLI Candriam International Equity ETF (NYSEARCA:IQSI) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totaling 822 shares, a decrease of 28.2% from the December 31st total of 1,145 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 3,209 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 3,209 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s stock are short sold.

NYLI Candriam International Equity ETF Trading Down 0.9%

IQSI opened at $36.81 on Friday. The company has a fifty day moving average price of $35.48 and a two-hundred day moving average price of $34.43. NYLI Candriam International Equity ETF has a 1-year low of $26.30 and a 1-year high of $37.35. The company has a market cap of $224.54 million, a P/E ratio of 17.66 and a beta of 0.87.

Institutional Trading of NYLI Candriam International Equity ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Orion Porfolio Solutions LLC raised its stake in NYLI Candriam International Equity ETF by 301.9% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 175,393 shares of the company’s stock worth $5,823,000 after buying an additional 131,752 shares during the period. New York Life Investment Management LLC increased its holdings in shares of NYLI Candriam International Equity ETF by 1.4% during the third quarter. New York Life Investment Management LLC now owns 5,046,991 shares of the company’s stock valued at $171,769,000 after acquiring an additional 71,242 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of NYLI Candriam International Equity ETF during the second quarter valued at approximately $1,990,000. Envestnet Asset Management Inc. raised its position in shares of NYLI Candriam International Equity ETF by 65.4% during the third quarter. Envestnet Asset Management Inc. now owns 147,447 shares of the company’s stock worth $5,018,000 after purchasing an additional 58,277 shares during the period. Finally, Seeds Investor LLC raised its position in shares of NYLI Candriam International Equity ETF by 50.4% during the second quarter. Seeds Investor LLC now owns 109,597 shares of the company’s stock worth $3,639,000 after purchasing an additional 36,725 shares during the period.

About NYLI Candriam International Equity ETF

The IQ Candriam ESG International Equity ETF (IQSI) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a proprietary index of developed-market stocks selected by ESG criteria and weighted by market-cap. IQSI was launched on Dec 17, 2019 and is managed by IndexIQ.