Short Interest in NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Drops By 46.4%

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) saw a large decrease in short interest during the month of 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 trading volume, of 78,731 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

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

Several hedge funds and other institutional investors have recently modified their holdings of QAI. Phillip James Consulting Co. bought a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF in the first quarter worth about $27,000. International Assets Investment Management LLC bought a new position in NYLI Hedge Multi-Strategy Tracker ETF during the 4th quarter valued at approximately $37,000. EFG International AG purchased a new stake in NYLI Hedge Multi-Strategy Tracker ETF in the 4th quarter worth approximately $40,000. Kestra Advisory Services LLC purchased a new stake in NYLI Hedge Multi-Strategy Tracker ETF in the 4th quarter worth approximately $99,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 506.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,054 shares of the company’s stock worth $102,000 after buying an additional 2,550 shares during the period.

NYLI Hedge Multi-Strategy Tracker ETF Stock Up 0.6%

Shares of QAI opened at $36.49 on Tuesday. The stock has a market capitalization of $879.41 million, a P/E ratio of 18.21 and a beta of 0.34. The firm has a fifty day simple moving average of $36.12 and a two-hundred day simple moving average of $34.97. NYLI Hedge Multi-Strategy Tracker ETF has a twelve month low of $32.05 and a twelve month high of $36.89.

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.