NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Sets New 1-Year Low – Here’s Why

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $29.57 and last traded at $30.70, with a volume of 125314 shares changing hands. The stock had previously closed at $29.76.

NYLI Hedge Multi-Strategy Tracker ETF Price Performance

The firm has a market capitalization of $673.87 million, a PE ratio of 18.73 and a beta of 0.32. The company’s fifty day simple moving average is $31.51 and its 200-day simple moving average is $31.90.

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

Several hedge funds and other institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC lifted its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 2.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 22,596 shares of the company’s stock worth $725,000 after buying an additional 629 shares in the last quarter. CreativeOne Wealth LLC lifted its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 4.4% in the fourth quarter. CreativeOne Wealth LLC now owns 17,512 shares of the company’s stock worth $550,000 after buying an additional 741 shares in the last quarter. Rathbones Group PLC lifted its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 7.2% in the fourth quarter. Rathbones Group PLC now owns 13,263 shares of the company’s stock worth $417,000 after buying an additional 895 shares in the last quarter. Moors & Cabot Inc. lifted its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 15.6% in the fourth quarter. Moors & Cabot Inc. now owns 8,794 shares of the company’s stock worth $276,000 after buying an additional 1,184 shares in the last quarter. Finally, Baron Financial Group LLC raised its stake in NYLI Hedge Multi-Strategy Tracker ETF by 1.4% during the fourth quarter. Baron Financial Group LLC now owns 92,968 shares of the company’s stock worth $2,920,000 after purchasing an additional 1,275 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.