NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Sees Large Volume Increase – Here’s What Happened

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) shares saw unusually-strong trading volume on Wednesday . Approximately 784,854 shares traded hands during trading, an increase of 270% from the previous session’s volume of 211,873 shares.The stock last traded at $31.48 and had previously closed at $31.60.

NYLI Hedge Multi-Strategy Tracker ETF Price Performance

The stock has a market cap of $570.33 million, a P/E ratio of 14.66 and a beta of 0.31. The company has a fifty day moving average of $32.25 and a 200 day moving average of $31.77.

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

Several large investors have recently made changes to their positions in the business. Greenwood Capital Associates LLC raised its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 3.9% during the 3rd quarter. Greenwood Capital Associates LLC now owns 8,632 shares of the company’s stock worth $277,000 after buying an additional 325 shares during the period. One Capital Management LLC lifted its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 0.3% in the 2nd quarter. One Capital Management LLC now owns 277,175 shares of the company’s stock valued at $8,601,000 after acquiring an additional 764 shares in the last quarter. UP Strategic Wealth Investment Advisors LLC boosted its stake in NYLI Hedge Multi-Strategy Tracker ETF by 8.5% in the 2nd quarter. UP Strategic Wealth Investment Advisors LLC now owns 10,712 shares of the company’s stock worth $332,000 after purchasing an additional 837 shares during the period. Carolinas Wealth Consulting LLC purchased a new position in NYLI Hedge Multi-Strategy Tracker ETF during the 2nd quarter worth approximately $32,000. Finally, Hancock Whitney Corp raised its stake in NYLI Hedge Multi-Strategy Tracker ETF by 11.4% during the 2nd quarter. Hancock Whitney Corp now owns 11,148 shares of the company’s stock valued at $346,000 after purchasing an additional 1,142 shares during the period.

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.