Short Interest in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Declines By 71.6%

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 18,774 shares, a drop of 71.6% from the July 30th total of 66,061 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 71,690 shares, the short-interest ratio is currently 0.3 days.

NYLI Hedge Multi-Strategy Tracker ETF Trading Down 0.2%

Shares of NYSEARCA:QAI traded down $0.07 on Friday, hitting $36.51. 49,644 shares of the company were exchanged, compared to its average volume of 92,975. NYLI Hedge Multi-Strategy Tracker ETF has a 1-year low of $32.90 and a 1-year high of $36.90. The stock’s 50 day moving average price is $36.35 and its 200 day moving average price is $35.63. The firm has a market capitalization of $1.02 billion, a P/E ratio of 18.21 and a beta of 0.34.

Hedge Funds Weigh In On NYLI Hedge Multi-Strategy Tracker ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Compass Financial Management LLC acquired a new stake in NYLI Hedge Multi-Strategy Tracker ETF during the 2nd quarter worth about $174,000. Baron Financial Group LLC increased its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 0.5% in the second quarter. Baron Financial Group LLC now owns 98,886 shares of the company’s stock valued at $3,619,000 after purchasing an additional 515 shares during the period. Sincerus Advisory LLC purchased a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF in the second quarter worth about $208,000. Rathbones Group PLC raised its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 5.9% in the first quarter. Rathbones Group PLC now owns 17,627 shares of the company’s stock worth $601,000 after purchasing an additional 980 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 2.9% during the first quarter. Royal Bank of Canada now owns 1,248,513 shares of the company’s stock worth $42,599,000 after purchasing an additional 34,835 shares during the period.

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.