NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Sees Significant Decline in Short Interest

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 66,061 shares, a decline of 55.8% from the July 15th total of 149,320 shares. Based on an average daily trading volume, of 53,650 shares, the short-interest ratio is currently 1.2 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC grew its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 17.0% during the 4th quarter. Verdence Capital Advisors LLC now owns 625,462 shares of the company’s stock valued at $20,959,000 after purchasing an additional 90,741 shares during the last quarter. Elyxium Wealth LLC bought a new stake in NYLI Hedge Multi-Strategy Tracker ETF in the fourth quarter worth $1,828,000. Hyposwiss Advisors SA purchased a new stake in NYLI Hedge Multi-Strategy Tracker ETF during the fourth quarter valued at about $1,712,000. Fifth Third Bancorp purchased a new stake in NYLI Hedge Multi-Strategy Tracker ETF during the first quarter valued at about $3,971,000. Finally, Royal Bank of Canada grew its stake 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 valued at $42,599,000 after buying an additional 34,835 shares during the last quarter.

NYLI Hedge Multi-Strategy Tracker ETF Stock Performance

Shares of NYSEARCA:QAI traded up $0.08 during trading on Monday, reaching $36.83. The stock had a trading volume of 14,071 shares, compared to its average volume of 96,526. NYLI Hedge Multi-Strategy Tracker ETF has a 52 week low of $32.77 and a 52 week high of $36.90. The firm’s fifty day moving average is $36.31 and its 200 day moving average is $35.50. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 18.21 and a beta of 0.34.

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.