Short Interest in NYLI Merger Arbitrage ETF (NYSEARCA:MNA) Decreases By 85.1%

NYLI Merger Arbitrage ETF (NYSEARCA:MNA) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 9,470 shares, a decrease of 85.1% from the December 15th total of 63,751 shares. Based on an average trading volume of 36,526 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 36,526 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in NYLI Merger Arbitrage ETF in the second quarter valued at approximately $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 stake in shares of NYLI Merger Arbitrage ETF by 37.9% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 62,823 shares of the company’s stock worth $2,216,000 after purchasing an additional 17,258 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in 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 period.

NYLI Merger Arbitrage ETF Trading Down 0.1%

MNA traded down $0.03 on Monday, hitting $35.87. 75,043 shares of the stock traded hands, compared to its average volume of 43,663. NYLI Merger Arbitrage ETF has a 52 week low of $33.21 and a 52 week high of $36.73. The firm has a market capitalization of $265.44 million, a PE ratio of 25.78 and a beta of 0.06. The business has a fifty day moving average price of $35.84 and a two-hundred day moving average price of $35.70.

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.