NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Sees Large Volume Increase – Here’s Why

Shares of NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) saw strong trading volume on Monday . 303,366 shares traded hands during mid-day trading, an increase of 184% from the previous session’s volume of 106,943 shares.The stock last traded at $32.62 and had previously closed at $32.53.

NYLI Hedge Multi-Strategy Tracker ETF Price Performance

The stock has a market capitalization of $582.28 million, a P/E ratio of 14.66 and a beta of 0.31. The stock’s fifty day moving average is $32.33 and its 200-day moving average is $31.67.

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

Large investors have recently bought and sold shares of the business. Pitcairn Co. boosted its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 46.9% during the third quarter. Pitcairn Co. now owns 1,602,027 shares of the company’s stock valued at $51,393,000 after acquiring an additional 511,219 shares during the period. EP Wealth Advisors LLC boosted its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 332.3% during the second quarter. EP Wealth Advisors LLC now owns 758,377 shares of the company’s stock valued at $23,532,000 after acquiring an additional 582,961 shares during the period. HTLF Bank boosted its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 0.8% during the second quarter. HTLF Bank now owns 693,202 shares of the company’s stock valued at $21,510,000 after acquiring an additional 5,324 shares during the period. Alaska Permanent Capital Management boosted its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 1.1% during the third quarter. Alaska Permanent Capital Management now owns 653,523 shares of the company’s stock valued at $20,953,000 after acquiring an additional 7,113 shares during the period. Finally, Captrust Financial Advisors boosted its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 2.6% during the third quarter. Captrust Financial Advisors now owns 576,385 shares of the company’s stock valued at $18,490,000 after acquiring an additional 14,356 shares during the period.

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.