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

NYLI Merger Arbitrage ETF (NYSEARCA:MNA) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 38,513 shares, a decline of 68.6% from the July 15th total of 122,847 shares. Based on an average trading volume of 15,600 shares, the short-interest ratio is presently 2.5 days. Approximately 0.6% of the shares of the stock are short sold.

NYLI Merger Arbitrage ETF Stock Up 0.3%

MNA opened at $36.85 on Friday. The business’s fifty day simple moving average is $36.51 and its 200 day simple moving average is $36.39. NYLI Merger Arbitrage ETF has a 52 week low of $34.91 and a 52 week high of $37.19. The stock has a market cap of $254.26 million, a PE ratio of 25.78 and a beta of 0.06.

Hedge Funds Weigh In On NYLI Merger Arbitrage ETF

Several institutional investors have recently modified their holdings of the company. Parallel Advisors LLC raised its holdings in shares of NYLI Merger Arbitrage ETF by 3,467.5% during the 4th quarter. Parallel Advisors LLC now owns 5,708 shares of the company’s stock valued at $204,000 after buying an additional 5,548 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in NYLI Merger Arbitrage ETF by 85.0% in the fourth 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 in the last quarter. Collaborative Fund Advisors LLC purchased a new stake in NYLI Merger Arbitrage ETF in the first quarter worth approximately $2,216,000. 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 acquiring an additional 3,378 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in NYLI Merger Arbitrage ETF by 70.6% during the second quarter. Ameriprise Financial Inc. now owns 171,803 shares of the company’s stock valued at $6,059,000 after acquiring an additional 71,109 shares during the last quarter.

About NYLI 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.