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

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) shares saw unusually-strong trading volume on Wednesday . Approximately 784,854 shares traded hands during trading, an increase of 270% from the previous session’s volume of 211,873 shares.The stock last traded at $31.48 and had previously closed at $31.60.

NYLI Hedge Multi-Strategy Tracker ETF Price Performance

The stock has a market cap of $568.34 million, a P/E ratio of 14.66 and a beta of 0.31. The company has a fifty day moving average of $32.22 and a 200 day moving average of $31.77.

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

A number of institutional investors and hedge funds have recently bought and sold shares of QAI. Carolinas Wealth Consulting LLC acquired a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF in the 2nd quarter worth $32,000. US Bancorp DE acquired a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF in the 3rd quarter valued at $89,000. Matrix Trust Co acquired a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF in the 3rd quarter valued at $112,000. Raymond James Trust N.A. purchased a new position in NYLI Hedge Multi-Strategy Tracker ETF in the 3rd quarter worth about $254,000. Finally, Greenwood Capital Associates LLC raised its holdings 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 buying an additional 325 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.