NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI – Get Free Report) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 149,320 shares, a growth of 617.7% from the June 30th total of 20,804 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average trading volume of 60,231 shares, the short-interest ratio is currently 2.5 days.
Hedge Funds Weigh In On NYLI Hedge Multi-Strategy Tracker ETF
Several large investors have recently added to or reduced their stakes in the business. Verdence Capital Advisors LLC increased its position in NYLI Hedge Multi-Strategy Tracker ETF by 17.0% during the fourth quarter. Verdence Capital Advisors LLC now owns 625,462 shares of the company’s stock worth $20,959,000 after purchasing an additional 90,741 shares during the last quarter. Patten Group Inc. boosted its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 133.8% in the 4th quarter. Patten Group Inc. now owns 53,202 shares of the company’s stock valued at $1,783,000 after purchasing an additional 30,445 shares during the last quarter. Elyxium Wealth LLC acquired a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF in the 4th quarter valued at $1,828,000. Hyposwiss Advisors SA purchased a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF during the 4th quarter valued at $1,712,000. Finally, Fifth Third Bancorp purchased a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF during the 1st quarter valued at $3,971,000.
NYLI Hedge Multi-Strategy Tracker ETF Trading Down 0.2%
Shares of NYLI Hedge Multi-Strategy Tracker ETF stock traded down $0.08 during trading hours on Friday, reaching $35.98. 28,164 shares of the company’s stock were exchanged, compared to its average volume of 100,316. NYLI Hedge Multi-Strategy Tracker ETF has a 52-week low of $32.35 and a 52-week high of $36.89. The company has a fifty day moving average of $36.29 and a 200-day moving average of $35.26. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 18.21 and a beta of 0.34.
NYLI Hedge Multi-Strategy Tracker ETF Company Profile
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.
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