NYLI Merger Arbitrage ETF (NYSEARCA:MNA) Short Interest Up 20.5% in February

NYLI Merger Arbitrage ETF (NYSEARCA:MNA) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 10,855 shares, an increase of 20.5% from the January 29th total of 9,006 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 33,979 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 33,979 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are short sold.

NYLI Merger Arbitrage ETF Price Performance

NYSEARCA:MNA opened at $36.20 on Wednesday. The firm has a 50-day moving average of $36.12 and a two-hundred day moving average of $35.91. The stock has a market cap of $253.40 million, a P/E ratio of 25.78 and a beta of 0.06. NYLI Merger Arbitrage ETF has a 1-year low of $33.40 and a 1-year high of $36.73.

Hedge Funds Weigh In On NYLI Merger Arbitrage ETF

A number of institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. grew its position in shares of NYLI Merger Arbitrage ETF by 70.6% during the second 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. Kingswood Wealth Advisors LLC boosted its stake in NYLI Merger Arbitrage ETF by 72.9% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 108,615 shares of the company’s stock valued at $3,899,000 after acquiring an additional 45,792 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in NYLI Merger Arbitrage ETF by 85.0% during the 4th quarter. Farther Finance Advisors LLC now owns 36,622 shares of the company’s stock worth $1,311,000 after acquiring an additional 16,831 shares in the last quarter. Worth Asset Management LLC bought a new stake in shares of NYLI Merger Arbitrage ETF in the 3rd quarter worth about $363,000. Finally, Parallel Advisors LLC raised its stake in shares of 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 purchasing an additional 5,548 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.