NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Sees Large Volume Increase – Still a Buy?

Shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAIGet Free Report) saw strong trading volume on Thursday . 463,812 shares traded hands during trading, an increase of 150% from the previous session’s volume of 185,405 shares.The stock last traded at $31.68 and had previously closed at $31.61.

NYLI Hedge Multi-Strategy Tracker ETF Stock Up 0.5 %

The company’s 50 day moving average price is $32.16 and its two-hundred day moving average price is $31.79. The firm has a market cap of $575.58 million, a PE ratio of 14.66 and a beta of 0.31.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Matrix Trust Co grew its stake in NYLI Hedge Multi-Strategy Tracker ETF by 613.6% in the 4th quarter. Matrix Trust Co now owns 24,897 shares of the company’s stock worth $782,000 after acquiring an additional 21,408 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 2.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 22,596 shares of the company’s stock worth $725,000 after buying an additional 629 shares during the period. Jane Street Group LLC increased its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 58.1% during the third quarter. Jane Street Group LLC now owns 53,586 shares of the company’s stock valued at $1,719,000 after buying an additional 19,700 shares during the period. Captrust Financial Advisors raised its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 2.6% in the third quarter. Captrust Financial Advisors now owns 576,385 shares of the company’s stock valued at $18,490,000 after acquiring an additional 14,356 shares in the last quarter. Finally, CreativeOne Wealth LLC lifted its stake in NYLI Hedge Multi-Strategy Tracker ETF by 8.2% in the third quarter. CreativeOne Wealth LLC now owns 16,771 shares of the company’s stock worth $538,000 after acquiring an additional 1,270 shares during the period.

About NYLI Hedge Multi-Strategy Tracker ETF

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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.

Further Reading

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