NYLIM Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Short Interest Update

NYLIM Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 40,078 shares, an increase of 64.1% from the August 31st total of 24,422 shares. Based on an average daily volume of 59,030 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Phillip James Consulting Co. purchased a new stake in shares of NYLIM Hedge Multi-Strategy Tracker ETF during the 1st quarter worth $27,000. Integrated Wealth Concepts LLC purchased a new position in NYLIM Hedge Multi-Strategy Tracker ETF in the second quarter valued at about $61,000. Compass Financial Management LLC bought a new position in NYLIM Hedge Multi-Strategy Tracker ETF in the second quarter worth about $174,000. Rockefeller Capital Management L.P. raised its holdings in NYLIM Hedge Multi-Strategy Tracker ETF by 50.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 5,292 shares of the company’s stock worth $177,000 after purchasing an additional 1,771 shares in the last quarter. Finally, Sincerus Advisory LLC purchased a new stake in shares of NYLIM Hedge Multi-Strategy Tracker ETF during the second quarter valued at about $208,000.

NYLIM Hedge Multi-Strategy Tracker ETF Stock Up 0.2%

Shares of NYSEARCA QAI traded up $0.06 during midday trading on Thursday, reaching $36.10. 36,127 shares of the company’s stock traded hands, compared to its average volume of 87,982. The company has a market cap of $999.97 million, a price-to-earnings ratio of 18.21 and a beta of 0.34. The stock’s 50 day simple moving average is $36.35 and its 200-day simple moving average is $35.91. NYLIM Hedge Multi-Strategy Tracker ETF has a one year low of $33.00 and a one year high of $36.90.

NYLIM 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.