NYLIM Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Shares Shorted: Short Interest Up 64.1% in September

NYLIM Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 40,078 shares, a growth of 64.1% from the August 31st total of 24,422 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 59,030 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On NYLIM Hedge Multi-Strategy Tracker ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in QAI. Phillip James Consulting Co. bought a new stake in NYLIM Hedge Multi-Strategy Tracker ETF in the 1st quarter worth approximately $27,000. Integrated Wealth Concepts LLC purchased a new position in shares of NYLIM Hedge Multi-Strategy Tracker ETF in the 2nd quarter worth $61,000. Compass Financial Management LLC bought a new stake in shares of NYLIM Hedge Multi-Strategy Tracker ETF in the second quarter worth $174,000. Rockefeller Capital Management L.P. boosted its position in NYLIM Hedge Multi-Strategy Tracker ETF by 50.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 5,292 shares of the company’s stock worth $177,000 after purchasing an additional 1,771 shares during the last quarter. Finally, Sincerus Advisory LLC bought a new stake in shares of NYLIM Hedge Multi-Strategy Tracker ETF during the 2nd quarter valued at about $208,000.

NYLIM Hedge Multi-Strategy Tracker ETF Stock Up 0.0%

Shares of NYSEARCA QAI traded up $0.02 during trading on Wednesday, reaching $36.09. 50,272 shares of the company traded hands, compared to its average volume of 88,045. The firm has a 50 day simple moving average of $36.35 and a 200-day simple moving average of $35.90. The stock has a market capitalization of $999.61 million, a PE ratio of 18.21 and a beta of 0.34. NYLIM Hedge Multi-Strategy Tracker ETF has a 52-week low of $33.00 and a 52-week high of $36.90.

NYLIM 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.