NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Sets New 1-Year High – Should You Buy?

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) hit a new 52-week high during trading on Monday . The stock traded as high as $36.84 and last traded at $36.67, with a volume of 976 shares traded. The stock had previously closed at $36.25.

NYLI Hedge Multi-Strategy Tracker ETF Price Performance

The company has a market cap of $884.23 million, a PE ratio of 18.21 and a beta of 0.34. The company has a fifty day moving average price of $35.74 and a 200 day moving average price of $34.75.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of QAI. Phillip James Consulting Co. purchased a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF during the first quarter worth approximately $27,000. International Assets Investment Management LLC purchased a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF in the 4th quarter valued at $37,000. EFG International AG purchased a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF in the 4th quarter valued at $40,000. Advisors Preferred LLC boosted its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 117.4% in the 3rd quarter. Advisors Preferred LLC now owns 1,263 shares of the company’s stock valued at $43,000 after purchasing an additional 682 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF in the 4th quarter valued at $99,000.

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.