Short Interest in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Decreases By 46.4%

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 21,489 shares, a decrease of 46.4% from the May 31st total of 40,121 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 78,731 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of NYLI Hedge Multi-Strategy Tracker ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cetera Investment Advisers purchased a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF during the second quarter worth $227,000. Darwin Wealth Management LLC purchased a new stake in NYLI Hedge Multi-Strategy Tracker ETF during the second quarter worth about $3,272,000. Raymond James Financial Inc. boosted its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 49.7% in the second quarter. Raymond James Financial Inc. now owns 457,776 shares of the company’s stock valued at $14,795,000 after purchasing an additional 152,013 shares during the period. Captrust Financial Advisors grew its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 1.6% in the second quarter. Captrust Financial Advisors now owns 591,319 shares of the company’s stock valued at $19,111,000 after purchasing an additional 9,384 shares in the last quarter. Finally, Evergreen Capital Management LLC purchased a new stake in NYLI Hedge Multi-Strategy Tracker ETF during the 2nd quarter worth approximately $1,648,000.

NYLI Hedge Multi-Strategy Tracker ETF Trading Down 0.5%

QAI traded down $0.19 on Wednesday, hitting $36.41. The company had a trading volume of 52,711 shares, compared to its average volume of 105,947. NYLI Hedge Multi-Strategy Tracker ETF has a 1 year low of $32.21 and a 1 year high of $36.89. The firm has a market cap of $877.48 million, a P/E ratio of 18.21 and a beta of 0.34. The company’s fifty day moving average price is $36.14 and its 200 day moving average price is $34.98.

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.