7-Aug-2026
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The NYLI Hedge Multi-Strategy Tracker ETF seeks to track before fees and expenses the performance of the NYLI Hedge Multi-Strategy Index. The Index attempts to replicate the risk-adjusted return characteristics of hedge funds using various hedge fund investment styles including long/short equity global macro market neutral event-driven fixed income arbitrage and emerging markets. The Underlying Index consists of a number of components ("Underlying Index Components") selected in accordance with IndexIQ's rules-based methodology of such Underlying Index. Such Underlying Index Components will include primarily ETFs and/or other exchange-traded vehicles issuing equity securities organized in the U.S., such as exchange-traded commodity pools ("ETVs"), and may include exchange-traded notes ("ETNs") (such ETFs, ETVs and ETNs are referred to collectively as "exchange-traded products" or "ETPs").
Nyli Hedge Multi-Strategy Tracker ETF trades on the ARCA stock market under the symbol QAI.
As of August 7, 2026, QAI stock price climbed to $36.50 with 15,099 million shares trading.
QAI has a beta of 0.43, meaning it tends to be less sensitive to market movements. QAI has a correlation of 0.72 to the broad based SPY ETF.
QAI has a market cap of $1.02 billion. This is considered a Small Cap stock.
In the last 3 years, QAI traded as high as $36.89 and as low as $29.51.
QAI has underperformed the market in the last year with a price return of +13.5% while the SPY ETF gained +23.4%. QAI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.9% and +1.2%, respectively, while the SPY returned +5.6% and +4.8%, respectively.
QAI support price is $36.11 and resistance is $36.59 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that QAI shares will trade within this expected range on the day.