NYLI Merger Arbitrage ETF (NYSEARCA:MNA) Short Interest Down 85.1% in December

by · The Cerbat Gem

NYLI Merger Arbitrage ETF (NYSEARCA:MNA – Get Free Report) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totaling 9,470 shares, a decline of 85.1% from the December 15th total of 63,751 shares. Based on an average daily volume of 36,526 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 36,526 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On NYLI Merger Arbitrage ETF

Several hedge funds and other institutional investors have recently modified their holdings of MNA. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of NYLI Merger Arbitrage ETF in the 2nd quarter worth $205,000. Worth Asset Management LLC acquired a new position in NYLI Merger Arbitrage ETF during the third quarter worth $363,000. Kingswood Wealth Advisors LLC raised its holdings in NYLI Merger Arbitrage ETF by 37.9% during the second quarter. Kingswood Wealth Advisors LLC now owns 62,823 shares of the company’s stock worth $2,216,000 after buying an additional 17,258 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of NYLI Merger Arbitrage ETF by 70.6% in the second quarter. Ameriprise Financial Inc. now owns 171,803 shares of the company’s stock valued at $6,059,000 after buying an additional 71,109 shares in the last quarter.

NYLI Merger Arbitrage ETF Stock Performance

Shares of NYSEARCA MNA traded down $0.03 during trading on Tuesday, hitting $35.84. 31,550 shares of the company traded hands, compared to its average volume of 42,143. The firm has a market capitalization of $265.22 million, a price-to-earnings ratio of 25.78 and a beta of 0.06. The business’s fifty day moving average is $35.84 and its 200 day moving average is $35.70. NYLI Merger Arbitrage ETF has a fifty-two week low of $33.21 and a fifty-two week high of $36.73.

About NYLI Merger Arbitrage ETF

(Get Free Report)

The IQ Merger Arbitrage ETF (MNA) is an exchange-traded fund that is based on the IQ Merger Arbitrage index. The fund tracks an index that uses a merger arbitrage strategy with long exposure to takeover targets and short exposure to broad global equity indexes. MNA was launched on Nov 17, 2009 and is managed by IndexIQ.

Featured Stories