NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Short Interest Update

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 149,320 shares, an increase of 617.7% from the June 30th total of 20,804 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average trading volume of 60,231 shares, the short-interest ratio is presently 2.5 days.

NYLI Hedge Multi-Strategy Tracker ETF Price Performance

Shares of NYSEARCA QAI traded down $0.08 during mid-day trading on Friday, hitting $35.98. 28,164 shares of the company’s stock traded hands, compared to its average volume of 100,316. The company has a market capitalization of $1.01 billion, a P/E ratio of 18.21 and a beta of 0.34. NYLI Hedge Multi-Strategy Tracker ETF has a 1 year low of $32.35 and a 1 year high of $36.89. The company’s 50-day moving average is $36.29 and its two-hundred day moving average is $35.26.

Institutional Trading of NYLI Hedge Multi-Strategy Tracker ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Phillip James Consulting Co. purchased a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF during the first quarter valued at about $27,000. International Assets Investment Management LLC acquired a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF during the 4th quarter worth approximately $37,000. EFG International AG purchased a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF during the 4th quarter valued at approximately $40,000. Kestra Advisory Services LLC purchased a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF during the 4th quarter valued at approximately $99,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 506.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,054 shares of the company’s stock valued at $102,000 after purchasing an additional 2,550 shares during the period.

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.