Short Interest in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Decreases By 46.4%

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 21,489 shares, a decrease of 46.4% from the May 31st total of 40,121 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 78,731 shares, the days-to-cover ratio is currently 0.3 days.

NYLI Hedge Multi-Strategy Tracker ETF Stock Up 0.6%

Shares of QAI stock opened at $36.49 on Tuesday. The firm has a market capitalization of $879.41 million, a price-to-earnings ratio of 18.21 and a beta of 0.34. The stock has a fifty day moving average of $36.12 and a 200 day moving average of $34.97. NYLI Hedge Multi-Strategy Tracker ETF has a 52 week low of $32.05 and a 52 week high of $36.89.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. CreativeOne Wealth LLC grew its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 1.4% during the 3rd quarter. CreativeOne Wealth LLC now owns 20,855 shares of the company’s stock worth $701,000 after acquiring an additional 297 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 5.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,716 shares of the company’s stock valued at $293,000 after purchasing an additional 430 shares during the period. J.Safra Asset Management Corp boosted its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 10.0% during the fourth quarter. J.Safra Asset Management Corp now owns 5,259 shares of the company’s stock valued at $176,000 after purchasing an additional 478 shares in the last quarter. Greenwood Capital Associates LLC boosted its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 4.8% during the fourth quarter. Greenwood Capital Associates LLC now owns 12,311 shares of the company’s stock valued at $413,000 after purchasing an additional 559 shares in the last quarter. Finally, Phillip James Consulting Co. purchased a new stake in NYLI Hedge Multi-Strategy Tracker ETF in the first quarter worth $27,000.

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.