Short Interest in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Declines By 55.8%

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 66,061 shares, a decline of 55.8% from the July 15th total of 149,320 shares. Based on an average trading volume of 53,650 shares, the short-interest ratio is currently 1.2 days. Currently, 0.2% of the shares of the stock are short sold.

NYLI Hedge Multi-Strategy Tracker ETF Stock Up 0.1%

Shares of QAI stock traded up $0.04 on Friday, reaching $36.75. The company had a trading volume of 32,650 shares, compared to its average volume of 97,073. The stock has a market capitalization of $1.03 billion, a PE ratio of 18.21 and a beta of 0.34. NYLI Hedge Multi-Strategy Tracker ETF has a one year low of $32.77 and a one year high of $36.90. The business’s 50-day moving average is $36.31 and its 200 day moving average is $35.49.

Institutional Trading of NYLI Hedge Multi-Strategy Tracker ETF

Hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers bought a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF during the second quarter worth $227,000. Darwin Wealth Management LLC acquired a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF during the 2nd quarter valued at $3,272,000. Raymond James Financial Inc. grew its position in NYLI Hedge Multi-Strategy Tracker ETF by 49.7% during the 2nd quarter. Raymond James Financial Inc. now owns 457,776 shares of the company’s stock worth $14,795,000 after acquiring an additional 152,013 shares during the last quarter. Captrust Financial Advisors grew its position in NYLI Hedge Multi-Strategy Tracker ETF by 1.6% during the 2nd quarter. Captrust Financial Advisors now owns 591,319 shares of the company’s stock worth $19,111,000 after acquiring an additional 9,384 shares during the last quarter. Finally, Evergreen Capital Management LLC acquired a new position in NYLI Hedge Multi-Strategy Tracker ETF in the 2nd quarter worth about $1,648,000.

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.