IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Sees Large Volume Increase

Shares of IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) saw strong trading volume on Monday . 462,796 shares were traded during mid-day trading, an increase of 297% from the previous session’s volume of 116,610 shares.The stock last traded at $30.65 and had previously closed at $30.68.

IQ Hedge Multi-Strategy Tracker ETF Stock Performance

The firm has a market cap of $570.28 million, a P/E ratio of 14.50 and a beta of 0.31. The business’s 50-day simple moving average is $30.61 and its 200 day simple moving average is $30.38.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. HTLF Bank purchased a new stake in IQ Hedge Multi-Strategy Tracker ETF in the 4th quarter worth $20,850,000. Alaska Permanent Capital Management lifted its position in IQ Hedge Multi-Strategy Tracker ETF by 58.5% during the third quarter. Alaska Permanent Capital Management now owns 892,459 shares of the company’s stock valued at $26,840,000 after acquiring an additional 329,268 shares during the last quarter. Alaska Wealth Advisors increased its stake in IQ Hedge Multi-Strategy Tracker ETF by 61.8% during the 4th quarter. Alaska Wealth Advisors now owns 591,089 shares of the company’s stock valued at $17,792,000 after purchasing an additional 225,679 shares in the last quarter. Comerica Bank acquired a new stake in shares of IQ Hedge Multi-Strategy Tracker ETF in the third quarter worth $4,325,000. Finally, Q3 Asset Management increased its stake in shares of IQ Hedge Multi-Strategy Tracker ETF by 128.1% in the fourth quarter. Q3 Asset Management now owns 123,962 shares of the company’s stock worth $3,721,000 after acquiring an additional 69,608 shares during the period.

IQ 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.