NYLIM Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Shares Shorted: Short Interest Up 64.1% in September

NYLIM Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 40,078 shares, a growth of 64.1% from the August 31st total of 24,422 shares. Based on an average trading volume of 59,030 shares, the short-interest ratio is currently 0.7 days. Approximately 0.1% of the shares of the company are sold short.

NYLIM Hedge Multi-Strategy Tracker ETF Trading Up 0.0%

NYLIM Hedge Multi-Strategy Tracker ETF stock traded up $0.02 during trading on Wednesday, reaching $36.09. The company had a trading volume of 50,272 shares, compared to its average volume of 88,045. The firm has a market capitalization of $999.61 million, a price-to-earnings ratio of 18.21 and a beta of 0.34. The firm’s 50-day simple moving average is $36.35 and its 200 day simple moving average is $35.90. NYLIM Hedge Multi-Strategy Tracker ETF has a 52 week low of $33.00 and a 52 week high of $36.90.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in QAI. Baron Financial Group LLC raised its stake in NYLIM Hedge Multi-Strategy Tracker ETF by 0.5% during the 2nd quarter. Baron Financial Group LLC now owns 98,886 shares of the company’s stock worth $3,619,000 after acquiring an additional 515 shares during the period. Phillip James Consulting Co. purchased a new stake in shares of NYLIM Hedge Multi-Strategy Tracker ETF in the first quarter worth $27,000. Rathbones Group PLC increased its stake in shares of NYLIM 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 in the last quarter. Private Advisor Group LLC raised its position in shares of NYLIM Hedge Multi-Strategy Tracker ETF by 1.6% during the 1st quarter. Private Advisor Group LLC now owns 76,325 shares of the company’s stock valued at $2,604,000 after purchasing an additional 1,189 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of NYLIM Hedge Multi-Strategy Tracker ETF during the 2nd quarter valued at $61,000.

NYLIM 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.