NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Short Interest Down 60.9% in April

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 49,148 shares, a decrease of 60.9% from the April 15th total of 125,840 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 478,355 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On NYLI Hedge Multi-Strategy Tracker ETF

A number of hedge funds have recently added to or reduced their stakes in QAI. Cetera Investment Advisers bought a new stake in NYLI Hedge Multi-Strategy Tracker ETF during the 2nd quarter worth about $227,000. Darwin Wealth Management LLC bought a new stake in NYLI Hedge Multi-Strategy Tracker ETF during the 2nd quarter worth about $3,272,000. Raymond James Financial Inc. boosted its position in NYLI Hedge Multi-Strategy Tracker ETF by 49.7% in the 2nd quarter. Raymond James Financial Inc. now owns 457,776 shares of the company’s stock valued at $14,795,000 after buying an additional 152,013 shares during the last quarter. Captrust Financial Advisors boosted its position in NYLI Hedge Multi-Strategy Tracker ETF by 1.6% in the 2nd quarter. Captrust Financial Advisors now owns 591,319 shares of the company’s stock valued at $19,111,000 after buying an additional 9,384 shares during the last quarter. Finally, Evergreen Capital Management LLC bought a new position in NYLI Hedge Multi-Strategy Tracker ETF in the 2nd quarter valued at $1,648,000.

NYLI Hedge Multi-Strategy Tracker ETF Trading Up 0.2%

NYSEARCA QAI traded up $0.06 during trading hours on Thursday, reaching $36.29. 9,145 shares of the company’s stock were exchanged, compared to its average volume of 121,843. NYLI Hedge Multi-Strategy Tracker ETF has a one year low of $31.62 and a one year high of $36.31. The firm has a fifty day moving average of $34.85 and a 200-day moving average of $34.36. The stock has a market cap of $874.59 million, a PE 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.