NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Sets New 52-Week High – Time to Buy?

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $36.32 and last traded at $36.31, with a volume of 1797 shares trading hands. The stock had previously closed at $36.05.

NYLI Hedge Multi-Strategy Tracker ETF Price Performance

The stock has a 50 day simple moving average of $35.20 and a 200-day simple moving average of $34.52. The firm has a market cap of $876.52 million, a PE ratio of 18.21 and a beta of 0.34.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Phillip James Consulting Co. purchased a new position in NYLI Hedge Multi-Strategy Tracker ETF during the first quarter valued at $27,000. International Assets Investment Management LLC purchased a new position in NYLI Hedge Multi-Strategy Tracker ETF during the fourth quarter valued at $37,000. EFG International AG purchased a new position in NYLI Hedge Multi-Strategy Tracker ETF during the fourth quarter valued at $40,000. Advisors Preferred LLC raised 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 valued at $43,000 after buying an additional 682 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in NYLI Hedge Multi-Strategy Tracker ETF during the fourth quarter valued at $99,000.

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.