NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Hits New 12-Month High – Here’s Why

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $32.99 and last traded at $32.99, with a volume of 100 shares trading hands. The stock had previously closed at $32.28.

NYLI Hedge Multi-Strategy Tracker ETF Trading Down 0.4 %

The business has a fifty day moving average of $32.33 and a 200-day moving average of $31.74. The firm has a market cap of $582.10 million, a PE ratio of 14.66 and a beta of 0.31.

Institutional Trading of NYLI Hedge Multi-Strategy Tracker ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC raised its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 58.1% in the third quarter. Jane Street Group LLC now owns 53,586 shares of the company’s stock worth $1,719,000 after buying an additional 19,700 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 2.6% in the 3rd quarter. Captrust Financial Advisors now owns 576,385 shares of the company’s stock valued at $18,490,000 after acquiring an additional 14,356 shares in the last quarter. CreativeOne Wealth LLC boosted its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 8.2% during the 3rd quarter. CreativeOne Wealth LLC now owns 16,771 shares of the company’s stock valued at $538,000 after acquiring an additional 1,270 shares during the last quarter. Hancock Whitney Corp grew its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 145.2% during the third quarter. Hancock Whitney Corp now owns 27,333 shares of the company’s stock worth $877,000 after purchasing an additional 16,185 shares in the last quarter. Finally, Pitcairn Co. increased its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 46.9% in the third quarter. Pitcairn Co. now owns 1,602,027 shares of the company’s stock worth $51,393,000 after purchasing an additional 511,219 shares during the last quarter.

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.