IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Sees Large Volume Increase

IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) saw unusually-high trading volume on Thursday . Approximately 312,968 shares traded hands during mid-day trading, an increase of 215% from the previous session’s volume of 99,321 shares.The stock last traded at $31.35 and had previously closed at $31.30.

IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF Stock Performance

The firm has a market capitalization of $563.09 million, a P/E ratio of 14.66 and a beta of 0.31. The stock has a 50 day moving average of $31.23 and a 200-day moving average of $30.92.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Carolinas Wealth Consulting LLC bought a new position in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the second quarter worth $32,000. International Assets Investment Management LLC purchased a new stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the 2nd quarter valued at about $42,000. Register Financial Advisors LLC bought a new stake in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF during the 1st quarter valued at about $45,000. Central Bank & Trust Co. grew its holdings in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 20.9% during the first quarter. Central Bank & Trust Co. now owns 3,079 shares of the company’s stock worth $95,000 after purchasing an additional 533 shares in the last quarter. Finally, Able Wealth Management LLC bought a new position in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the fourth quarter worth approximately $150,000.

IndexIQ ETF Trust – IQ 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.