NYLIM Merger Arbitrage ETF (NYSEARCA:MNA) Shares Shorted: Short Interest Down 52.3% in October

NYLIM Merger Arbitrage ETF (NYSEARCA:MNA) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 4,267 shares, a decrease of 52.3% from the September 30th total of 8,953 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 90,460 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On NYLIM Merger Arbitrage ETF

Large investors have recently made changes to their positions in the business. One Capital Management LLC acquired a new stake in shares of NYLIM Merger Arbitrage ETF in the second quarter worth $6,567,000. Collaborative Fund Advisors LLC acquired a new position in shares of NYLIM Merger Arbitrage ETF during the first quarter valued at about $2,216,000. Parallel Advisors LLC lifted its stake in shares of NYLIM Merger Arbitrage ETF by 17.7% in the first quarter. Parallel Advisors LLC now owns 6,718 shares of the company’s stock valued at $244,000 after buying an additional 1,010 shares during the period. Kingswood Wealth Advisors LLC lifted its stake in shares of NYLIM Merger Arbitrage ETF by 1.5% in the third quarter. Kingswood Wealth Advisors LLC now owns 81,279 shares of the company’s stock valued at $2,994,000 after buying an additional 1,203 shares during the period. Finally, Diversify Advisory Services LLC lifted its stake in shares of NYLIM Merger Arbitrage ETF by 12.0% in the third quarter. Diversify Advisory Services LLC now owns 7,503 shares of the company’s stock valued at $276,000 after buying an additional 806 shares during the period.

NYLIM Merger Arbitrage ETF Stock Down 0.4%

Shares of NYSEARCA:MNA traded down $0.14 during trading on Friday, reaching $36.86. The stock had a trading volume of 25,221 shares, compared to its average volume of 33,758. NYLIM Merger Arbitrage ETF has a 52 week low of $35.57 and a 52 week high of $37.19. The firm has a market capitalization of $261.71 million, a price-to-earnings ratio of 25.78 and a beta of 0.07. The stock has a fifty day simple moving average of $36.79 and a two-hundred day simple moving average of $36.48.

About NYLIM Merger Arbitrage ETF

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.