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

NYLI Merger Arbitrage ETF (NYSEARCA:MNA) saw a large decline in short interest in the month of 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 daily trading volume, of 15,600 shares, the days-to-cover ratio is currently 2.5 days. Currently, 0.6% of the company’s shares are short sold.

Institutional Trading of NYLI Merger Arbitrage ETF

Institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC raised its position in shares of NYLI Merger Arbitrage ETF by 17.7% during the 1st quarter. Parallel Advisors LLC now owns 6,718 shares of the company’s stock valued at $244,000 after acquiring an additional 1,010 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its position in shares of NYLI Merger Arbitrage ETF by 3.1% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 111,993 shares of the company’s stock worth $4,008,000 after purchasing an additional 3,378 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of NYLI Merger Arbitrage ETF by 85.0% during the fourth quarter. Farther Finance Advisors LLC now owns 36,622 shares of the company’s stock worth $1,311,000 after purchasing an additional 16,831 shares during the period. Ameriprise Financial Inc. grew its stake 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 period. Finally, Collaborative Fund Advisors LLC bought a new stake in NYLI Merger Arbitrage ETF in the first quarter valued at about $2,216,000.

NYLI Merger Arbitrage ETF Trading Up 0.3%

Shares of MNA traded up $0.10 on Friday, reaching $36.85. 13,806 shares of the company’s stock were exchanged, compared to its average volume of 31,164. The stock has a market capitalization of $254.26 million, a P/E ratio of 25.78 and a beta of 0.06. The business has a 50 day moving average price of $36.51 and a two-hundred day moving average price of $36.39. NYLI Merger Arbitrage ETF has a 12 month low of $34.91 and a 12 month high of $37.19.

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.