Short Interest in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Grows By 617.7%

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 149,320 shares, a growth of 617.7% from the June 30th total of 20,804 shares. Based on an average daily volume of 60,231 shares, the days-to-cover ratio is currently 2.5 days. Approximately 0.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Phillip James Consulting Co. purchased a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF in the first quarter valued at about $27,000. International Assets Investment Management LLC acquired a new stake in NYLI Hedge Multi-Strategy Tracker ETF during the fourth quarter worth about $37,000. EFG International AG purchased a new position in NYLI Hedge Multi-Strategy Tracker ETF during the fourth quarter worth about $40,000. Kestra Advisory Services LLC purchased a new position in NYLI Hedge Multi-Strategy Tracker ETF during the fourth quarter worth about $99,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 506.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,054 shares of the company’s stock valued at $102,000 after buying an additional 2,550 shares during the period.

NYLI Hedge Multi-Strategy Tracker ETF Price Performance

Shares of NYSEARCA:QAI traded down $0.08 during midday trading on Friday, hitting $35.98. The company had a trading volume of 28,164 shares, compared to its average volume of 100,316. NYLI Hedge Multi-Strategy Tracker ETF has a twelve month low of $32.35 and a twelve month high of $36.89. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 18.21 and a beta of 0.34. The business’s 50-day simple moving average is $36.29 and its 200-day simple moving average is $35.26.

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.