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

Shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) saw unusually-high trading volume on Monday . Approximately 808,939 shares changed hands during trading, an increase of 939% from the previous session’s volume of 77,885 shares.The stock last traded at $34.1150 and had previously closed at $34.04.

NYLI Hedge Multi-Strategy Tracker ETF Trading Up 0.2%

The business has a 50 day moving average of $33.77 and a 200-day moving average of $33.16. The firm has a market capitalization of $838.74 million, a P/E ratio of 18.21 and a beta of 0.32.

Institutional Investors Weigh In On NYLI Hedge Multi-Strategy Tracker ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in QAI. CreativeOne Wealth LLC lifted its position in NYLI Hedge Multi-Strategy Tracker ETF by 10.6% in the 1st quarter. CreativeOne Wealth LLC now owns 19,361 shares of the company’s stock valued at $606,000 after acquiring an additional 1,849 shares in the last quarter. Royal Bank of Canada raised its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 2.6% in the 1st quarter. Royal Bank of Canada now owns 1,183,034 shares of the company’s stock valued at $37,041,000 after purchasing an additional 29,806 shares during the period. Hancock Whitney Corp lifted its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 10.2% in the first quarter. Hancock Whitney Corp now owns 34,543 shares of the company’s stock valued at $1,082,000 after purchasing an additional 3,190 shares in the last quarter. Baron Financial Group LLC lifted its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 0.4% in the second quarter. Baron Financial Group LLC now owns 93,788 shares of the company’s stock valued at $3,031,000 after purchasing an additional 390 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 101.0% during the second quarter. Farther Finance Advisors LLC now owns 1,811 shares of the company’s stock worth $59,000 after buying an additional 910 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.