Short Interest in NYLI Merger Arbitrage ETF (NYSEARCA:MNA) Increases By 41.8%

NYLI Merger Arbitrage ETF (NYSEARCA:MNA) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 13,433 shares, a growth of 41.8% from the December 31st total of 9,470 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 60,650 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 60,650 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the shares of the company are short sold.

NYLI Merger Arbitrage ETF Stock Down 0.3%

Shares of NYLI Merger Arbitrage ETF stock opened at $36.17 on Friday. NYLI Merger Arbitrage ETF has a 52 week low of $33.21 and a 52 week high of $36.73. The stock’s 50-day simple moving average is $35.93 and its 200-day simple moving average is $35.78. The company has a market capitalization of $256.81 million, a price-to-earnings ratio of 25.78 and a beta of 0.06.

Institutional Investors Weigh In On NYLI Merger Arbitrage ETF

Several large investors have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of NYLI Merger Arbitrage ETF by 293.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,636 shares of the company’s stock worth $59,000 after acquiring an additional 1,220 shares in the last quarter. Worth Asset Management LLC purchased a new stake in NYLI Merger Arbitrage ETF during the third quarter valued at $363,000. Farther Finance Advisors LLC lifted its position in 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 valued at $1,311,000 after purchasing an additional 16,831 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its position in NYLI Merger Arbitrage ETF by 37.9% during the second quarter. Kingswood Wealth Advisors LLC now owns 62,823 shares of the company’s stock valued at $2,216,000 after purchasing an additional 17,258 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of NYLI Merger Arbitrage ETF by 70.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 171,803 shares of the company’s stock worth $6,059,000 after buying an additional 71,109 shares in the last quarter.

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.