QAI - NYLI Hedge Multi-Strategy Tracker ETF
NYLI Hedge Multi-Strategy Tracker ETF (QAI) seeks investment results that track, before fees and expenses, the price and yield performance of NYLI Hedge Multi-Strategy Index. NYLI Hedge Multi-Strategy Index attempts to replicate the risk-return characteristics of hedge funds generally. The Fund does not invest in hedge funds, and the index does not include hedge fund components.
As of May 15, 2026: spot at $35.93, ATM IV 33.7%, net GEX $184.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $773.5M
- Beta
- 0.38
- 52-Week Range
- 31.62-36.3
- Dividend Yield
- $0.50
- IPO Date
- Mar 25, 2009
- Exchange
- AMEX
What QAI Looks Like to Options Traders Today
IV rank of 19.0% is subdued relative to the 1-year history, conditions that typically favor premium-buying or long-volatility structures (debit spreads, calendar spreads, long straddles); positive net gamma exposure ($184) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (0.465) prices calls richer than puts, often reflecting upside speculation or squeeze risk.
What This Page Covers
The QAI overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
Frequently asked QAI overview questions
- What is QAI?
- QAI is the ticker symbol for NYLI Hedge Multi-Strategy Tracker ETF, an listed exchange-traded fund. NYLI Hedge Multi-Strategy Tracker ETF (QAI) seeks investment results that track, before fees and expenses, the price and yield performance of NYLI Hedge Multi-Strategy Index. NYLI Hedge Multi-Strategy Index attempts to replicate the risk-return characteristics of hedge funds generally. Listed on AMEX. QAI is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What does the QAI options snapshot look like today?
- As of May 15, 2026, the QAI options snapshot shows spot at $35.93, ATM IV 33.7%, IV rank 19.0%, net GEX $184, expected move 9.66%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are QAI's key statistics?
- NYLI Hedge Multi-Strategy Tracker ETF (QAI) carries a market capitalization of $773.5M, 52-week range of 31.62-36.3. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does QAI belong to?
- NYLI Hedge Multi-Strategy Tracker ETF operates in the Financial Services sector, in the Asset Management industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare QAI's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the QAI data on this page?
- The options snapshot above is dated May 15, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.