Best/Worst Daily ETF Returns: QAI Off 4.34%

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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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing ETFs
Referenced Stocks: QAI , RWG , UNG


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