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

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) shares saw unusually-high trading volume on Thursday . Approximately 463,812 shares were traded during mid-day 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 Trading Up 0.1 %

The firm has a market capitalization of $572.50 million, a price-to-earnings ratio of 14.66 and a beta of 0.31. The stock has a fifty day moving average price of $32.18 and a 200-day moving average price of $31.78.

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

Several large investors have recently made changes to their positions in the company. Greenwood Capital Associates LLC grew its position in NYLI Hedge Multi-Strategy Tracker ETF by 3.9% during the 3rd quarter. Greenwood Capital Associates LLC now owns 8,632 shares of the company’s stock worth $277,000 after acquiring an additional 325 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 2.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 22,596 shares of the company’s stock worth $725,000 after purchasing an additional 629 shares during the last quarter. UP Strategic Wealth Investment Advisors LLC increased its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 8.5% in the second quarter. UP Strategic Wealth Investment Advisors LLC now owns 10,712 shares of the company’s stock valued at $332,000 after buying an additional 837 shares in the last quarter. Carolinas Wealth Consulting LLC bought a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF in the second quarter valued at about $32,000. Finally, Hancock Whitney Corp lifted its position in NYLI Hedge Multi-Strategy Tracker ETF by 11.4% during the 2nd quarter. Hancock Whitney Corp now owns 11,148 shares of the company’s stock worth $346,000 after buying an additional 1,142 shares in the last quarter.

NYLI Hedge Multi-Strategy Tracker ETF Company Profile

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.