NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Sees Significant Decrease in Short Interest

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) saw a significant decrease in short interest in 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. Based on an average daily volume of 78,731 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

NYLI Hedge Multi-Strategy Tracker ETF Stock Performance

Shares of QAI traded down $0.07 during midday trading on Thursday, hitting $36.34. 105,169 shares of the stock were exchanged, compared to its average volume of 105,941. NYLI Hedge Multi-Strategy Tracker ETF has a 52-week low of $32.32 and a 52-week high of $36.89. The stock has a fifty day simple moving average of $36.18 and a 200 day simple moving average of $35.02. The firm has a market cap of $1.01 billion, a P/E ratio of 18.21 and a beta of 0.34.

Hedge Funds Weigh In On NYLI Hedge Multi-Strategy Tracker ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Tredje AP fonden boosted its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 102.4% in the fourth quarter. Tredje AP fonden now owns 6,275,000 shares of the company’s stock valued at $210,275,000 after purchasing an additional 3,175,000 shares during the period. UMB Bank n.a. increased its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 1,022.9% during the 4th quarter. UMB Bank n.a. now owns 463,074 shares of the company’s stock worth $15,518,000 after purchasing an additional 421,836 shares during the period. Morgan Stanley increased its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 5.9% during the 4th quarter. Morgan Stanley now owns 3,419,037 shares of the company’s stock worth $114,572,000 after purchasing an additional 190,320 shares during the period. UBS Group AG raised its position in NYLI Hedge Multi-Strategy Tracker ETF by 71.5% in the 3rd quarter. UBS Group AG now owns 428,017 shares of the company’s stock valued at $14,394,000 after purchasing an additional 178,394 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 49.7% in the 2nd quarter. Raymond James Financial Inc. now owns 457,776 shares of the company’s stock valued at $14,795,000 after buying an additional 152,013 shares during the period.

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.