NYLIM Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

NYLIM Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $35.68 and traded as low as $35.65. NYLIM Hedge Multi-Strategy Tracker ETF shares last traded at $35.65, with a volume of 66,270 shares.

NYLIM Hedge Multi-Strategy Tracker ETF Stock Performance

The firm has a market capitalization of $994.63 million, a price-to-earnings ratio of 18.21 and a beta of 0.35. The company has a fifty day moving average of $35.98 and a two-hundred day moving average of $35.68.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Phillip James Consulting Co. bought a new position in NYLIM Hedge Multi-Strategy Tracker ETF during the 1st quarter worth $27,000. William Mack & Associates Inc. bought a new stake in shares of NYLIM Hedge Multi-Strategy Tracker ETF in the third quarter valued at about $48,000. Integrated Wealth Concepts LLC bought a new stake in shares of NYLIM Hedge Multi-Strategy Tracker ETF in the second quarter valued at about $61,000. Compass Financial Management LLC bought a new stake in shares of NYLIM Hedge Multi-Strategy Tracker ETF in the second quarter valued at about $174,000. Finally, Sincerus Advisory LLC acquired a new position in shares of NYLIM Hedge Multi-Strategy Tracker ETF in the second quarter valued at about $208,000.

NYLIM 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.