IndexIQ's IQ Hedge Multi-Strategy Tracker (NYSEArca:QAI) was
one of the worst-performing funds Wednesday, July 11, shedding
4.34 percent in value as the broad stock market continued on a
soft tone amid what's starting out as a lackluster quarterly
corporate earnings report season.
Wednesday, the Dow Jones industrial average dropped 45.59
points to close 0.4 percent lower at 12,604.53.
QAI, which is a hedge fund replication strategy, was also at
the center of a "terrible trade" just two days prior that cost an
investor some $500,000 in a market-on-close order that could have
been avoided.
Also at the bottom Wednesday was the Columbia Large-Cap Growth
Strategy (NYSEArca:RWG), which slid 7.7 percent on the day amid
thin trading volume.
On the flip side, among the best-performing funds were a
flurry of energy-linked ETFs and ETNs, with the United States
Natural Gas Fund (NYSEArca:UNG) leading the charge, with gains of
3.58 percent. More than 12.19 million shares of UNG traded hands
Wednesday.
Top 10 1-Day Performers, Excluding Leverage/Inverse Funds
and 'lt;1,000 Shares Traded
| Ticker |
Name |
1-Day Performance |
1-Day Volume |
AUM ($, mm) |
| UNG |
United States Natural Gas |
3.58% |
12,199,141 |
1,058.04 |
| TAGS |
Teucrium Agricultural |
2.83% |
1,020 |
2.65 |
| BNO |
United States Brent Oil |
2.70% |
28,260 |
46.08 |
| USO |
United States Oil |
2.57% |
12,335,287 |
1,271.90 |
| OIL |
iPath S&P GSCI Crude Oil Total Return ETN |
2.48% |
780,648 |
424.43 |
| DBE |
PowerShares DB Energy |
2.40% |
50,146 |
148.13 |
| USL |
United States 12 Month Oil |
2.35% |
26,320 |
126.06 |
| CAFE |
iPath Pure Beta Coffee ETN |
2.30% |
2,500 |
1.42 |
| RJN |
ELEMENTS Rogers International Commodity - Energy Total
Return ETN |
2.21% |
15,610 |
66.71 |
| UNL |
United States 12 Month Natural Gas |
2.20% |
19,436 |
42.85 |
Bottom 10 1-Day Performers, Excluding Leverage/Inverse
Funds and 'lt;1,000 Shares Traded
| Ticker |
Name |
1-Day Performance |
1-Day Volume |
AUM ($, mm) |
| RWG |
Columbia Large-Cap Growth Strategy |
-7.70% |
6,405 |
6.87 |
| QAI |
IQ Hedge Multi-Strategy Tracker |
-4.34% |
46,979 |
205.02 |
| CVOL |
C-Tracks Exchange-Traded Notes on the Citi
Volatility |
-4.31% |
21,600 |
6.49 |
| RING |
iShares MSCI Global Gold Miners |
-4.09% |
6,249 |
29.15 |
| GAZ |
iPath Dow Jones-UBS Natural Gas Total Return ETN |
-3.65% |
165,188 |
38.45 |
| ALUM |
Global X Aluminum |
-3.63% |
2,854 |
2.14 |
| VIXY |
ProShares VIX Short-Term |
-3.40% |
483,287 |
138.71 |
| GGGG |
Global X PURE Gold Miners |
-3.40% |
1,484 |
4.04 |
| VXX |
iPath S&P 500 VIX Short-Term Futures ETN |
-3.23% |
39,126,481 |
1,687.59 |
| VIIX |
VelocityShares VIX Short Term ETN |
-3.16% |
213,527 |
40.95 |
Disclaimer:All data as of 6 a.m. Eastern time the date the
article is published. Data is believed to be accurate; however,
transient market data is often subject to subsequent revision and
correction by the exchanges.
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