NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Sees Strong Trading Volume – What’s Next?

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) shares saw an uptick in trading volume on Monday . 691,565 shares were traded during trading, an increase of 559% from the previous session’s volume of 104,991 shares.The stock last traded at $32.71 and had previously closed at $32.72.

NYLI Hedge Multi-Strategy Tracker ETF Price Performance

The firm has a 50-day moving average of $32.27 and a 200 day moving average of $31.61. The stock has a market capitalization of $590.24 million, a price-to-earnings ratio of 14.66 and a beta of 0.31.

Institutional Trading of NYLI Hedge Multi-Strategy Tracker ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James & Associates increased its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 10.1% during the second quarter. Raymond James & Associates now owns 163,743 shares of the company’s stock worth $5,081,000 after purchasing an additional 14,967 shares during the period. Captrust Financial Advisors raised its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 2.6% in the 3rd quarter. Captrust Financial Advisors now owns 576,385 shares of the company’s stock valued at $18,490,000 after buying an additional 14,356 shares in the last quarter. Brookstone Capital Management lifted its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 10.6% during the 3rd quarter. Brookstone Capital Management now owns 12,176 shares of the company’s stock worth $391,000 after acquiring an additional 1,163 shares during the period. UP Strategic Wealth Investment Advisors LLC lifted its stake in NYLI Hedge Multi-Strategy Tracker ETF by 8.5% during the second quarter. UP Strategic Wealth Investment Advisors LLC now owns 10,712 shares of the company’s stock worth $332,000 after purchasing an additional 837 shares during the last quarter. Finally, Matrix Trust Co bought a new stake in NYLI Hedge Multi-Strategy Tracker ETF during the third quarter worth $112,000.

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.