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

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) was the target of a significant decrease in short interest in 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. Based on an average daily trading volume, of 478,355 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the shares of the company are sold short.

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

Hedge funds have recently made changes to their positions in the business. Alaska Wealth Advisors boosted its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 4.6% during the third quarter. Alaska Wealth Advisors now owns 986,028 shares of the company’s stock worth $33,160,000 after buying an additional 43,780 shares during the period. Patten Group Inc. boosted its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 133.8% during the fourth quarter. Patten Group Inc. now owns 53,202 shares of the company’s stock worth $1,783,000 after buying an additional 30,445 shares during the period. Pitcairn Co. boosted its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 7.7% during the third quarter. Pitcairn Co. now owns 1,807,177 shares of the company’s stock worth $60,775,000 after buying an additional 129,310 shares during the period. Verdence Capital Advisors LLC boosted its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 17.0% during the fourth quarter. Verdence Capital Advisors LLC now owns 625,462 shares of the company’s stock worth $20,959,000 after buying an additional 90,741 shares during the period. Finally, Central Bank & Trust Co. acquired a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF during the fourth quarter worth about $666,000.

NYLI Hedge Multi-Strategy Tracker ETF Trading Down 1.0%

Shares of QAI traded down $0.36 during mid-day trading on Friday, hitting $35.93. 39,231 shares of the company’s stock were exchanged, compared to its average volume of 121,309. NYLI Hedge Multi-Strategy Tracker ETF has a fifty-two week low of $31.62 and a fifty-two week high of $36.31. The firm has a market capitalization of $865.91 million, a P/E ratio of 18.21 and a beta of 0.34. The business’s 50 day moving average is $34.92 and its two-hundred day moving average is $34.39.

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.