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

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

NYLI Merger Arbitrage ETF Trading Down 0.2%

NYSEARCA MNA opened at $36.08 on Tuesday. The company has a market cap of $252.56 million, a price-to-earnings ratio of 25.78 and a beta of 0.06. NYLI Merger Arbitrage ETF has a 1-year low of $33.21 and a 1-year high of $36.73. The company has a 50 day moving average of $35.94 and a 200-day moving average of $35.78.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MNA. Ameriprise Financial Inc. boosted its position in shares of NYLI Merger Arbitrage ETF by 10.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 189,723 shares of the company’s stock worth $6,807,000 after acquiring an additional 17,920 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its stake 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 worth $4,008,000 after purchasing an additional 3,378 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of NYLI Merger Arbitrage ETF by 85.0% in the 4th 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 in the last quarter. Worth Asset Management LLC bought a new position in shares of NYLI Merger Arbitrage ETF in the 3rd quarter valued at $363,000. Finally, 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 buying an additional 1,220 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.