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

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)’s stock price reached a new 52-week high on Friday . The stock traded as high as $32.62 and last traded at $32.62, with a volume of 5816 shares. The stock had previously closed at $32.57.

NYLI Hedge Multi-Strategy Tracker ETF Stock Performance

The firm has a fifty day moving average price of $32.17 and a 200 day moving average price of $31.51. The company has a market cap of $590.42 million, a price-to-earnings ratio of 14.66 and a beta of 0.31.

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 business. Strategic Advocates LLC boosted its position in NYLI Hedge Multi-Strategy Tracker ETF by 17.1% during the second quarter. Strategic Advocates LLC now owns 34,181 shares of the company’s stock worth $1,061,000 after purchasing an additional 4,988 shares during the period. Twelve Points Wealth Management LLC boosted its holdings in shares of NYLI Hedge Multi-Strategy Tracker ETF by 1.2% during the 2nd quarter. Twelve Points Wealth Management LLC now owns 54,371 shares of the company’s stock worth $1,687,000 after buying an additional 628 shares during the period. Cooper Financial Group grew its stake in NYLI Hedge Multi-Strategy Tracker ETF by 20.5% in the 2nd quarter. Cooper Financial Group now owns 102,771 shares of the company’s stock valued at $3,189,000 after buying an additional 17,500 shares during the last quarter. Brookstone Capital Management bought a new position in NYLI Hedge Multi-Strategy Tracker ETF in the 2nd quarter valued at about $346,000. Finally, Raymond James & Associates lifted its position in NYLI Hedge Multi-Strategy Tracker ETF by 10.1% during the second quarter. Raymond James & Associates now owns 163,743 shares of the company’s stock worth $5,081,000 after acquiring an additional 14,967 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.