NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Sees Strong Trading Volume – Time to Buy?

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) shares saw unusually-high trading volume on Thursday . Approximately 463,812 shares were traded during mid-day trading, an increase of 150% from the previous session’s volume of 185,405 shares.The stock last traded at $31.68 and had previously closed at $31.61.

NYLI Hedge Multi-Strategy Tracker ETF Stock Performance

The firm’s 50-day moving average is $32.18 and its two-hundred day moving average is $31.78. The stock has a market cap of $572.50 million, a P/E ratio of 14.66 and a beta of 0.31.

Institutional Trading of NYLI Hedge Multi-Strategy Tracker ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in QAI. Carolinas Wealth Consulting LLC acquired a new stake in NYLI Hedge Multi-Strategy Tracker ETF during the 2nd quarter worth $32,000. US Bancorp DE acquired a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF during the third quarter worth $89,000. Matrix Trust Co bought a new stake in NYLI Hedge Multi-Strategy Tracker ETF in the third quarter valued at about $112,000. Raymond James Trust N.A. acquired a new position in NYLI Hedge Multi-Strategy Tracker ETF in the third quarter valued at about $254,000. Finally, Greenwood Capital Associates LLC boosted its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 3.9% during the third quarter. Greenwood Capital Associates LLC now owns 8,632 shares of the company’s stock worth $277,000 after buying an additional 325 shares during the last quarter.

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.