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 Friday . Approximately 63,059 shares were traded during trading, a decline of 13% from the previous session’s volume of 72,331 shares.The stock last traded at $35.46 and had previously closed at $35.38.

NYLI Hedge Multi-Strategy Tracker ETF Price Performance

The company has a fifty day moving average of $34.61 and a 200 day moving average of $34.19. The stock has a market cap of $796.10 million, a P/E ratio of 18.21 and a beta of 0.32.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Tredje AP fonden increased its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 102.4% during the 4th quarter. Tredje AP fonden now owns 6,275,000 shares of the company’s stock valued at $210,275,000 after acquiring an additional 3,175,000 shares during the last quarter. Morgan Stanley lifted its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 5.9% in the 4th quarter. Morgan Stanley now owns 3,419,037 shares of the company’s stock worth $114,572,000 after purchasing an additional 190,320 shares during the last quarter. Pitcairn Co. boosted its position in NYLI Hedge Multi-Strategy Tracker ETF by 7.7% during the third quarter. Pitcairn Co. now owns 1,807,177 shares of the company’s stock worth $60,775,000 after purchasing an additional 129,310 shares during the period. Alaska Permanent Capital Management LLC boosted its position in NYLI Hedge Multi-Strategy Tracker ETF by 10.2% during the first quarter. Alaska Permanent Capital Management LLC now owns 1,623,616 shares of the company’s stock worth $55,383,000 after purchasing an additional 150,671 shares during the period. Finally, Alaska Wealth Advisors LLC grew its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 3.7% during the first quarter. Alaska Wealth Advisors LLC now owns 1,057,898 shares of the company’s stock valued at $36,095,000 after purchasing an additional 37,306 shares during the last quarter.

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.