Short Interest in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Declines By 55.8%

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 66,061 shares, a decline of 55.8% from the July 15th total of 149,320 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 53,650 shares, the days-to-cover ratio is presently 1.2 days.

NYLI Hedge Multi-Strategy Tracker ETF Stock Performance

Shares of QAI stock traded up $0.04 on Friday, hitting $36.75. The company had a trading volume of 32,650 shares, compared to its average volume of 97,073. The firm has a market cap of $1.03 billion, a P/E ratio of 18.21 and a beta of 0.34. The stock’s 50-day moving average is $36.31 and its two-hundred day moving average is $35.49. NYLI Hedge Multi-Strategy Tracker ETF has a twelve month low of $32.77 and a twelve month high of $36.90.

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. Compass Financial Management LLC bought a new position in NYLI Hedge Multi-Strategy Tracker ETF during the 2nd quarter worth approximately $174,000. Baron Financial Group LLC increased its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 0.5% during the second quarter. Baron Financial Group LLC now owns 98,886 shares of the company’s stock worth $3,619,000 after buying an additional 515 shares during the period. Sincerus Advisory LLC bought a new position in NYLI Hedge Multi-Strategy Tracker ETF during the second quarter worth $208,000. Rathbones Group PLC lifted its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 5.9% in the first quarter. Rathbones Group PLC now owns 17,627 shares of the company’s stock valued at $601,000 after buying an additional 980 shares during the period. Finally, Royal Bank of Canada boosted its position in NYLI Hedge Multi-Strategy Tracker ETF by 2.9% during the first quarter. Royal Bank of Canada now owns 1,248,513 shares of the company’s stock valued at $42,599,000 after acquiring an additional 34,835 shares during the last quarter.

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.