NYLIM Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Stock Price Breaks Above 200-Day Moving Average – Here’s Why

NYLIM Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) shares crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $35.64 and traded as high as $35.78. NYLIM Hedge Multi-Strategy Tracker ETF shares last traded at $35.71, with a volume of 28,869 shares traded.

NYLIM Hedge Multi-Strategy Tracker ETF Trading Up 0.4%

The stock has a 50 day simple moving average of $36.04 and a 200 day simple moving average of $35.65. The firm has a market capitalization of $985.15 million, a PE ratio of 18.21 and a beta of 0.35.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in QAI. Aspiriant LLC bought a new stake in NYLIM Hedge Multi-Strategy Tracker ETF in the third quarter valued at $7,624,000. Fifth Third Bancorp purchased a new position in NYLIM Hedge Multi-Strategy Tracker ETF during the 1st quarter valued at $3,971,000. Diversify Advisory Services LLC increased its position in NYLIM Hedge Multi-Strategy Tracker ETF by 145.6% during the 3rd quarter. Diversify Advisory Services LLC now owns 146,907 shares of the company’s stock valued at $5,284,000 after purchasing an additional 87,081 shares during the period. Sowell Financial Services LLC bought a new position in NYLIM Hedge Multi-Strategy Tracker ETF in the 3rd quarter worth $3,082,000. Finally, Citadel Advisors LLC bought a new position in NYLIM Hedge Multi-Strategy Tracker ETF in the 2nd quarter worth $1,394,000.

About NYLIM 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.