NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Sees Unusually-High Trading Volume – Time to Buy?

Shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) saw unusually-strong trading volume on Monday . Approximately 303,366 shares were traded during trading, an increase of 184% from the previous session’s volume of 106,943 shares.The stock last traded at $32.62 and had previously closed at $32.53.

NYLI Hedge Multi-Strategy Tracker ETF Stock Up 0.2 %

The company has a market cap of $590.06 million, a PE ratio of 14.66 and a beta of 0.31. The firm’s 50-day moving average is $32.31 and its 200-day moving average is $31.65.

Institutional Investors Weigh In On NYLI Hedge Multi-Strategy Tracker ETF

Several hedge funds have recently made changes to their positions in the company. Jane Street Group LLC raised its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 58.1% in the third quarter. Jane Street Group LLC now owns 53,586 shares of the company’s stock worth $1,719,000 after purchasing an additional 19,700 shares in the last quarter. Captrust Financial Advisors increased its stake 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 worth $18,490,000 after acquiring an additional 14,356 shares in the last quarter. CreativeOne Wealth LLC lifted its position in NYLI Hedge Multi-Strategy Tracker ETF by 8.2% during the 3rd quarter. CreativeOne Wealth LLC now owns 16,771 shares of the company’s stock valued at $538,000 after acquiring an additional 1,270 shares during the period. Hancock Whitney Corp boosted its stake in NYLI Hedge Multi-Strategy Tracker ETF by 145.2% during the third quarter. Hancock Whitney Corp now owns 27,333 shares of the company’s stock worth $877,000 after acquiring an additional 16,185 shares in the last quarter. Finally, Pitcairn Co. grew its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 46.9% in the third quarter. Pitcairn Co. now owns 1,602,027 shares of the company’s stock worth $51,393,000 after purchasing an additional 511,219 shares during the period.

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.