NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Hits New 1-Year High – What’s Next?

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $32.62 and last traded at $32.62, with a volume of 5816 shares changing hands. The stock had previously closed at $32.57.

NYLI Hedge Multi-Strategy Tracker ETF Stock Performance

The company has a market cap of $590.42 million, a PE ratio of 14.66 and a beta of 0.31. The stock’s 50-day simple moving average is $32.18 and its 200 day simple moving average is $31.52.

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

A number of hedge funds have recently added to or reduced their stakes in the company. Carolinas Wealth Consulting LLC acquired a new stake in NYLI Hedge Multi-Strategy Tracker ETF in the second quarter valued at $32,000. International Assets Investment Management LLC purchased a new stake in NYLI Hedge Multi-Strategy Tracker ETF during the second quarter worth about $42,000. US Bancorp DE purchased a new position in NYLI Hedge Multi-Strategy Tracker ETF in the third quarter valued at about $89,000. Matrix Trust Co acquired a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF during the 3rd quarter valued at approximately $112,000. Finally, Central Bank & Trust Co. boosted its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 111.3% during the 2nd quarter. Central Bank & Trust Co. now owns 6,506 shares of the company’s stock worth $202,000 after acquiring an additional 3,427 shares in 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.