NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Hits New 1-Year High – Here’s What Happened

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)’s stock price reached a new 52-week high on Friday . The stock traded as high as $35.06 and last traded at $34.89, with a volume of 3518 shares trading hands. The stock had previously closed at $34.85.

NYLI Hedge Multi-Strategy Tracker ETF Trading Up 0.1%

The stock has a market capitalization of $778.05 million, a PE ratio of 18.21 and a beta of 0.32. The firm’s fifty day moving average price is $34.45 and its two-hundred day moving average price is $34.07.

Institutional Trading of NYLI Hedge Multi-Strategy Tracker ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC purchased a new stake in NYLI Hedge Multi-Strategy Tracker ETF during the fourth quarter worth about $37,000. EFG International AG purchased a new stake in NYLI Hedge Multi-Strategy Tracker ETF during the fourth quarter worth about $40,000. Advisors Preferred LLC increased its stake in NYLI Hedge Multi-Strategy Tracker ETF by 117.4% during the third quarter. Advisors Preferred LLC now owns 1,263 shares of the company’s stock worth $43,000 after purchasing an additional 682 shares during the period. CWM LLC increased its stake in NYLI Hedge Multi-Strategy Tracker ETF by 30.5% during the third quarter. CWM LLC now owns 1,884 shares of the company’s stock worth $63,000 after purchasing an additional 440 shares during the period. Finally, Kestra Advisory Services LLC purchased a new stake in NYLI Hedge Multi-Strategy Tracker ETF during the fourth quarter worth about $99,000.

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.