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

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 18,774 shares, a decline of 71.6% from the July 30th total of 66,061 shares. Based on an average trading volume of 71,690 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

NYLI Hedge Multi-Strategy Tracker ETF Stock Up 0.1%

Shares of QAI stock traded up $0.03 during mid-day trading on Thursday, reaching $36.58. The stock had a trading volume of 32,946 shares, compared to its average volume of 93,240. The firm’s 50 day simple moving average is $36.36 and its 200 day simple moving average is $35.61. NYLI Hedge Multi-Strategy Tracker ETF has a one year low of $32.90 and a one year high of $36.90. The firm has a market cap of $1.02 billion, a PE ratio of 18.21 and a beta of 0.34.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Phillip James Consulting Co. acquired a new stake in NYLI Hedge Multi-Strategy Tracker ETF during the first quarter worth $27,000. International Assets Investment Management LLC acquired a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF in the 4th quarter valued at $37,000. EFG International AG bought a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF during the 4th quarter worth about $40,000. Kestra Advisory Services LLC bought a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF during the 4th quarter worth about $99,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 506.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,054 shares of the company’s stock valued at $102,000 after acquiring an additional 2,550 shares in the last quarter.

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.