NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Sets New 12-Month High – Here’s Why

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $32.99 and last traded at $32.99, with a volume of 100 shares. The stock had previously closed at $32.28.

NYLI Hedge Multi-Strategy Tracker ETF Stock Performance

The firm’s fifty day simple moving average is $32.33 and its 200-day simple moving average is $31.72. The stock has a market cap of $583.91 million, a P/E ratio of 14.66 and a beta of 0.31.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Greenwood Capital Associates LLC raised its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 3.9% in the third quarter. Greenwood Capital Associates LLC now owns 8,632 shares of the company’s stock valued at $277,000 after purchasing an additional 325 shares during the period. One Capital Management LLC grew its position in NYLI Hedge Multi-Strategy Tracker ETF by 0.3% during the second quarter. One Capital Management LLC now owns 277,175 shares of the company’s stock valued at $8,601,000 after acquiring an additional 764 shares during the last quarter. UP Strategic Wealth Investment Advisors LLC raised its position in NYLI Hedge Multi-Strategy Tracker ETF by 8.5% in the 2nd quarter. UP Strategic Wealth Investment Advisors LLC now owns 10,712 shares of the company’s stock worth $332,000 after purchasing an additional 837 shares during the period. Carolinas Wealth Consulting LLC bought a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF in the 2nd quarter valued at about $32,000. Finally, Hancock Whitney Corp grew its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 11.4% in the second quarter. Hancock Whitney Corp now owns 11,148 shares of the company’s stock worth $346,000 after purchasing an additional 1,142 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.