IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Sees Unusually-High Trading Volume

Shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) saw strong trading volume on Monday . 211,335 shares changed hands during mid-day trading, an increase of 117% from the previous session’s volume of 97,289 shares.The stock last traded at $31.35 and had previously closed at $31.21.

IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF Price Performance

The firm has a 50-day simple moving average of $31.05 and a 200-day simple moving average of $30.64. The firm has a market capitalization of $568.16 million, a PE ratio of 14.66 and a beta of 0.31.

Institutional Trading of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Register Financial Advisors LLC purchased a new stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the first quarter worth about $45,000. Central Bank & Trust Co. increased its holdings in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 20.9% in the 1st quarter. Central Bank & Trust Co. now owns 3,079 shares of the company’s stock worth $95,000 after acquiring an additional 533 shares in the last quarter. Macroview Investment Management LLC raised its stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF by 148.0% during the 4th quarter. Macroview Investment Management LLC now owns 4,846 shares of the company’s stock worth $146,000 after acquiring an additional 2,892 shares during the period. Able Wealth Management LLC bought a new stake in IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF during the 4th quarter worth approximately $150,000. Finally, Davis R M Inc. bought a new position in shares of IndexIQ ETF Trust – IQ Hedge Multi-Strategy Tracker ETF in the first quarter worth approximately $202,000.

About IndexIQ ETF Trust – IQ 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.