NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) saw strong trading volume on Monday . 85,851 shares traded hands during trading, an increase of 15% from the previous session’s volume of 74,381 shares.The stock last traded at $33.3360 and had previously closed at $33.23.

NYLI Hedge Multi-Strategy Tracker ETF Stock Up 0.5%

The firm has a market cap of $829.88 million, a P/E ratio of 18.21 and a beta of 0.32. The business’s 50 day moving average is $33.69 and its two-hundred day moving average is $32.91.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. CreativeOne Wealth LLC grew its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 1.4% during the third quarter. CreativeOne Wealth LLC now owns 20,855 shares of the company’s stock worth $701,000 after purchasing an additional 297 shares in the last quarter. LPL Financial LLC lifted its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 0.5% in the 1st quarter. LPL Financial LLC now owns 67,877 shares of the company’s stock valued at $2,125,000 after acquiring an additional 369 shares during the last quarter. Baron Financial Group LLC lifted its position in NYLI Hedge Multi-Strategy Tracker ETF by 0.4% in the second quarter. Baron Financial Group LLC now owns 93,788 shares of the company’s stock valued at $3,031,000 after purchasing an additional 390 shares during the last quarter. StoneX Group Inc. raised its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 4.2% during the 2nd quarter. StoneX Group Inc. now owns 10,199 shares of the company’s stock valued at $330,000 after buying an additional 408 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 5.2% during the third quarter. BNP Paribas Financial Markets now owns 8,716 shares of the company’s stock worth $293,000 after purchasing an additional 430 shares during the period.

About NYLI Hedge Multi-Strategy Tracker ETF

The IQ Hedge Multi-Strategy Tracker ETF (QAI) is an exchange-traded fund that is based on the IQ Hedge Multi-Strategy index. The fund tracks an index that aims to emulate hedge fund returns across different strategies, primarily by holding other ETFs. QAI was launched on Mar 25, 2009 and is managed by IndexIQ.