NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Sees Large Volume Increase – Should You Buy?

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) saw an uptick in trading volume on Friday . 63,059 shares were traded during trading, a decline of 13% from the previous session’s volume of 72,331 shares.The stock last traded at $35.46 and had previously closed at $35.38.

NYLI Hedge Multi-Strategy Tracker ETF Price Performance

The company has a market capitalization of $795.65 million, a PE ratio of 18.21 and a beta of 0.32. The firm’s fifty day simple moving average is $34.59 and its 200 day simple moving average is $34.18.

Institutional Trading of NYLI Hedge Multi-Strategy Tracker ETF

Hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC purchased a new position in NYLI Hedge Multi-Strategy Tracker ETF during the fourth quarter valued at approximately $37,000. EFG International AG purchased a new stake in NYLI Hedge Multi-Strategy Tracker ETF in the 4th quarter worth approximately $40,000. Advisors Preferred LLC grew its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 117.4% during the 3rd quarter. Advisors Preferred LLC now owns 1,263 shares of the company’s stock worth $43,000 after purchasing an additional 682 shares during the period. CWM LLC grew its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 30.5% during the 3rd quarter. CWM LLC now owns 1,884 shares of the company’s stock worth $63,000 after purchasing an additional 440 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF during the 4th quarter valued at approximately $99,000.

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.