Short Interest in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Drops By 71.6%

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 18,774 shares, a decrease of 71.6% from the July 30th total of 66,061 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 71,690 shares, the days-to-cover ratio is currently 0.3 days.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. CreativeOne Wealth LLC increased its position in NYLI Hedge Multi-Strategy Tracker ETF by 1.8% during the 4th quarter. CreativeOne Wealth LLC now owns 21,228 shares of the company’s stock worth $711,000 after buying an additional 373 shares during the period. BNP Paribas Financial Markets raised its stake in NYLI Hedge Multi-Strategy Tracker ETF by 5.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,716 shares of the company’s stock worth $293,000 after purchasing an additional 430 shares in the last quarter. J.Safra Asset Management Corp raised its stake in NYLI Hedge Multi-Strategy Tracker ETF by 10.0% in the 4th quarter. J.Safra Asset Management Corp now owns 5,259 shares of the company’s stock worth $176,000 after purchasing an additional 478 shares in the last quarter. Baron Financial Group LLC boosted its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 0.5% in the 2nd quarter. Baron Financial Group LLC now owns 98,886 shares of the company’s stock valued at $3,619,000 after purchasing an additional 515 shares during the period. Finally, Phillip James Consulting Co. bought a new stake in NYLI Hedge Multi-Strategy Tracker ETF in the 1st quarter valued at about $27,000.

NYLI Hedge Multi-Strategy Tracker ETF Stock Down 0.2%

Shares of NYSEARCA QAI traded down $0.07 during mid-day trading on Friday, reaching $36.51. 49,644 shares of the company were exchanged, compared to its average volume of 92,975. The stock has a market capitalization of $1.02 billion, a P/E ratio of 18.21 and a beta of 0.34. The company’s 50-day simple moving average is $36.35 and its 200-day simple moving average is $35.63. NYLI Hedge Multi-Strategy Tracker ETF has a twelve month low of $32.90 and a twelve month high of $36.90.

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.