Short Interest in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Grows By 617.7%

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 149,320 shares, an increase of 617.7% from the June 30th total of 20,804 shares. Based on an average daily trading volume, of 60,231 shares, the days-to-cover ratio is currently 2.5 days. Currently, 0.5% of the company’s stock are short sold.

NYLI Hedge Multi-Strategy Tracker ETF Stock Performance

QAI stock opened at $35.98 on Monday. The stock’s 50 day simple moving average is $36.29 and its 200 day simple moving average is $35.27. NYLI Hedge Multi-Strategy Tracker ETF has a 12-month low of $32.35 and a 12-month high of $36.89. The stock has a market capitalization of $1.01 billion, a PE ratio of 18.21 and a beta of 0.34.

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

Several hedge funds and other institutional investors have recently made changes to their positions in QAI. Phillip James Consulting Co. bought a new stake in NYLI Hedge Multi-Strategy Tracker ETF during the 1st quarter valued at about $27,000. International Assets Investment Management LLC purchased a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF during the 4th quarter worth about $37,000. EFG International AG acquired a new position in NYLI Hedge Multi-Strategy Tracker ETF in the 4th quarter valued at about $40,000. Kestra Advisory Services LLC purchased a new position in NYLI Hedge Multi-Strategy Tracker ETF in the fourth quarter worth approximately $99,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 506.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,054 shares of the company’s stock worth $102,000 after purchasing an additional 2,550 shares during the period.

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.