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

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 66,061 shares, a decline of 55.8% from the July 15th total of 149,320 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 53,650 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Trading of NYLI Hedge Multi-Strategy Tracker ETF

A number of large investors have recently bought and sold shares of the stock. Cetera Investment Advisers bought a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF during the second quarter valued at $227,000. Darwin Wealth Management LLC bought a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF in the 2nd quarter worth about $3,272,000. Raymond James Financial Inc. grew its holdings in shares of 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 worth $14,795,000 after purchasing an additional 152,013 shares during the last quarter. Captrust Financial Advisors increased its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 1.6% during the 2nd quarter. Captrust Financial Advisors now owns 591,319 shares of the company’s stock worth $19,111,000 after purchasing an additional 9,384 shares in the last quarter. Finally, Evergreen Capital Management LLC acquired a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF during the 2nd quarter worth about $1,648,000.

NYLI Hedge Multi-Strategy Tracker ETF Price Performance

Shares of QAI traded up $0.04 during mid-day trading on Friday, reaching $36.75. The company had a trading volume of 32,650 shares, compared to its average volume of 97,073. NYLI Hedge Multi-Strategy Tracker ETF has a twelve month low of $32.77 and a twelve month high of $36.90. The company’s 50-day moving average is $36.31 and its 200-day moving average is $35.50. The company has a market capitalization of $1.03 billion, a P/E ratio of 18.21 and a beta of 0.34.

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.