NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Sees Strong Trading Volume – Here’s Why

Shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) saw an uptick in trading volume on Thursday . 463,812 shares changed hands during mid-day trading, an increase of 150% from the previous session’s volume of 185,405 shares.The stock last traded at $31.68 and had previously closed at $31.61.

NYLI Hedge Multi-Strategy Tracker ETF Price Performance

The company’s 50-day simple moving average is $32.16 and its two-hundred day simple moving average is $31.79. The firm has a market capitalization of $575.58 million, a P/E ratio of 14.66 and a beta of 0.31.

Hedge Funds Weigh In On NYLI Hedge Multi-Strategy Tracker ETF

A number of hedge funds have recently modified their holdings of the company. Jane Street Group LLC grew its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 58.1% during 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 boosted its stake in 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 purchasing an additional 14,356 shares during the period. Brookstone Capital Management grew its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 10.6% during the 3rd quarter. Brookstone Capital Management now owns 12,176 shares of the company’s stock valued at $391,000 after buying an additional 1,163 shares in the last quarter. Greenwood Capital Associates LLC raised its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 3.9% during the third quarter. Greenwood Capital Associates LLC now owns 8,632 shares of the company’s stock valued at $277,000 after buying an additional 325 shares during the last quarter. Finally, Matrix Trust Co purchased a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF in the third quarter worth $112,000.

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.