NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Reaches New 12-Month High – Should You Buy?

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) shares hit a new 52-week high during trading on Monday . The company traded as high as $36.25 and last traded at $36.25, with a volume of 3454 shares traded. The stock had previously closed at $36.13.

NYLI Hedge Multi-Strategy Tracker ETF Stock Performance

The stock has a market capitalization of $873.63 million, a P/E ratio of 18.21 and a beta of 0.34. The business has a 50-day moving average price of $34.75 and a 200 day moving average price of $34.30.

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

A number of hedge funds have recently added to or reduced their stakes in QAI. International Assets Investment Management LLC purchased a new position in NYLI Hedge Multi-Strategy Tracker ETF in the 4th quarter worth approximately $37,000. EFG International AG purchased a new position in NYLI Hedge Multi-Strategy Tracker ETF in the 4th quarter worth approximately $40,000. Advisors Preferred LLC raised its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 117.4% in the 3rd quarter. Advisors Preferred LLC now owns 1,263 shares of the company’s stock worth $43,000 after acquiring an additional 682 shares during the last quarter. CWM LLC raised its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 30.5% in the 3rd quarter. CWM LLC now owns 1,884 shares of the company’s stock worth $63,000 after acquiring an additional 440 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in NYLI Hedge Multi-Strategy Tracker ETF in the 4th quarter worth approximately $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.