NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Reaches New 12-Month High – Time to Buy?

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

NYLI Hedge Multi-Strategy Tracker ETF Stock Performance

The business has a 50 day moving average price of $32.33 and a 200-day moving average price of $31.74. The company has a market capitalization of $582.10 million, a price-to-earnings ratio of 14.66 and a beta of 0.31.

Institutional Investors Weigh In On NYLI Hedge Multi-Strategy Tracker ETF

Hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in shares of NYLI Hedge Multi-Strategy Tracker ETF in the second quarter valued at $42,000. Commonwealth Equity Services LLC lifted its position in NYLI Hedge Multi-Strategy Tracker ETF by 86.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 15,458 shares of the company’s stock valued at $480,000 after acquiring an additional 7,179 shares in the last quarter. Darwin Wealth Management LLC boosted its stake in NYLI Hedge Multi-Strategy Tracker ETF by 1.1% during the 2nd quarter. Darwin Wealth Management LLC now owns 220,234 shares of the company’s stock valued at $6,834,000 after purchasing an additional 2,426 shares during the last quarter. One Capital Management LLC increased its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 0.3% during the 2nd quarter. One Capital Management LLC now owns 277,175 shares of the company’s stock worth $8,601,000 after purchasing an additional 764 shares in the last quarter. Finally, Carolinas Wealth Consulting LLC purchased a new stake in shares of NYLI Hedge Multi-Strategy Tracker ETF in the second quarter worth approximately $32,000.

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.