NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Reaches New 12-Month High – What’s Next?

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $34.98 and last traded at $34.93, with a volume of 1548 shares trading hands. The stock had previously closed at $34.86.

NYLI Hedge Multi-Strategy Tracker ETF Price Performance

The company has a fifty day moving average price of $34.29 and a two-hundred day moving average price of $33.80. The firm has a market cap of $797.79 million, a price-to-earnings ratio of 18.21 and a beta of 0.32.

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

Several institutional investors have recently modified their holdings of QAI. International Assets Investment Management LLC bought a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF in the fourth quarter valued at about $37,000. Johnson Financial Group Inc. acquired a new position in NYLI Hedge Multi-Strategy Tracker ETF during the second quarter worth about $39,000. EFG International AG acquired a new stake in NYLI Hedge Multi-Strategy Tracker ETF in the fourth quarter valued at approximately $40,000. Advisors Preferred LLC grew its position in 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 acquiring an additional 682 shares during the last quarter. Finally, CWM LLC increased its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 30.5% in the third quarter. CWM LLC now owns 1,884 shares of the company’s stock valued at $63,000 after buying an additional 440 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.