NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Short Interest Down 60.9% in April

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 49,148 shares, a drop of 60.9% from the April 15th total of 125,840 shares. Based on an average daily volume of 478,355 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of QAI. Tredje AP fonden boosted its stake in NYLI Hedge Multi-Strategy Tracker ETF by 102.4% during the 4th quarter. Tredje AP fonden now owns 6,275,000 shares of the company’s stock worth $210,275,000 after acquiring an additional 3,175,000 shares during the last quarter. UMB Bank n.a. boosted its stake in NYLI Hedge Multi-Strategy Tracker ETF by 1,022.9% during the 4th quarter. UMB Bank n.a. now owns 463,074 shares of the company’s stock worth $15,518,000 after acquiring an additional 421,836 shares during the last quarter. Morgan Stanley boosted its stake in NYLI Hedge Multi-Strategy Tracker ETF by 5.9% during the 4th quarter. Morgan Stanley now owns 3,419,037 shares of the company’s stock worth $114,572,000 after acquiring an additional 190,320 shares during the last quarter. UBS Group AG boosted its stake in NYLI Hedge Multi-Strategy Tracker ETF by 71.5% during the 3rd quarter. UBS Group AG now owns 428,017 shares of the company’s stock worth $14,394,000 after acquiring an additional 178,394 shares during the last quarter. Finally, Verdence Capital Advisors LLC boosted its stake in NYLI Hedge Multi-Strategy Tracker ETF by 40.8% during the 3rd quarter. Verdence Capital Advisors LLC now owns 534,721 shares of the company’s stock worth $18,196,000 after acquiring an additional 154,902 shares during the last quarter.

NYLI Hedge Multi-Strategy Tracker ETF Trading Up 0.2%

Shares of NYSEARCA:QAI traded up $0.06 during midday trading on Thursday, hitting $36.29. The company had a trading volume of 9,145 shares, compared to its average volume of 121,843. NYLI Hedge Multi-Strategy Tracker ETF has a 12 month low of $31.62 and a 12 month high of $36.31. The stock has a market cap of $874.59 million, a price-to-earnings ratio of 18.21 and a beta of 0.34. The firm has a fifty day simple moving average of $34.85 and a 200 day simple moving average of $34.36.

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.