NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Hits New 1-Year High – Time to Buy?

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $32.75 and last traded at $32.69, with a volume of 3933 shares traded. The stock had previously closed at $32.70.

NYLI Hedge Multi-Strategy Tracker ETF Stock Down 0.0 %

The stock’s fifty day moving average price is $32.22 and its 200-day moving average price is $31.56. The company has a market capitalization of $591.69 million, a price-to-earnings ratio of 14.66 and a beta of 0.31.

Hedge Funds Weigh In On NYLI Hedge Multi-Strategy Tracker ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC increased its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 58.1% in the 3rd quarter. Jane Street Group LLC now owns 53,586 shares of the company’s stock valued at $1,719,000 after purchasing an additional 19,700 shares during the last quarter. Captrust Financial Advisors increased its stake in NYLI Hedge Multi-Strategy Tracker ETF by 2.6% during the 3rd quarter. Captrust Financial Advisors now owns 576,385 shares of the company’s stock valued at $18,490,000 after purchasing an additional 14,356 shares in the last quarter. CreativeOne Wealth LLC raised its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 8.2% in the third quarter. CreativeOne Wealth LLC now owns 16,771 shares of the company’s stock worth $538,000 after purchasing an additional 1,270 shares during the last quarter. Hancock Whitney Corp raised its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 145.2% in the third quarter. Hancock Whitney Corp now owns 27,333 shares of the company’s stock valued at $877,000 after purchasing an additional 16,185 shares during the last quarter. Finally, Pitcairn Co. boosted its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 46.9% during the third quarter. Pitcairn Co. now owns 1,602,027 shares of the company’s stock worth $51,393,000 after purchasing an additional 511,219 shares during the last quarter.

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.