NYLI Merger Arbitrage ETF (NYSEARCA:MNA) Short Interest Update

NYLI Merger Arbitrage ETF (NYSEARCA:MNA) was the target of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 90,421 shares, a growth of 733.0% from the February 12th total of 10,855 shares. Based on an average trading volume of 26,736 shares, the short-interest ratio is currently 3.4 days. Approximately 1.3% of the shares of the company are sold short. Approximately 1.3% of the shares of the company are sold short. Based on an average trading volume of 26,736 shares, the short-interest ratio is currently 3.4 days.

Institutional Investors Weigh In On NYLI Merger Arbitrage ETF

Institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. lifted its position in shares of NYLI Merger Arbitrage ETF by 10.4% during the third quarter. Ameriprise Financial Inc. now owns 189,723 shares of the company’s stock worth $6,807,000 after purchasing an additional 17,920 shares during the last quarter. Kingswood Wealth Advisors LLC grew its position in NYLI Merger Arbitrage ETF by 3.1% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 111,993 shares of the company’s stock valued at $4,008,000 after buying an additional 3,378 shares during the period. Farther Finance Advisors LLC boosted its holdings in NYLI Merger Arbitrage ETF by 85.0% in the 4th quarter. Farther Finance Advisors LLC now owns 36,622 shares of the company’s stock worth $1,311,000 after buying an additional 16,831 shares during the last quarter. Worth Asset Management LLC acquired a new position in NYLI Merger Arbitrage ETF in the 3rd quarter valued at $363,000. Finally, Parallel Advisors LLC raised its holdings in NYLI Merger Arbitrage ETF by 3,467.5% in the 4th quarter. Parallel Advisors LLC now owns 5,708 shares of the company’s stock valued at $204,000 after acquiring an additional 5,548 shares during the last quarter.

NYLI Merger Arbitrage ETF Stock Performance

Shares of MNA traded down $0.01 during mid-day trading on Wednesday, reaching $36.12. The stock had a trading volume of 1,844 shares, compared to its average volume of 37,884. NYLI Merger Arbitrage ETF has a 12 month low of $33.40 and a 12 month high of $36.73. The business has a fifty day moving average of $36.15 and a 200 day moving average of $35.93. The firm has a market cap of $252.84 million, a price-to-earnings ratio of 25.78 and a beta of 0.06.

NYLI Merger Arbitrage ETF Company Profile

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.