NYLI Merger Arbitrage ETF (NYSEARCA:MNA) Shares Up 0.2% – What’s Next?

Shares of NYLI Merger Arbitrage ETF (NYSEARCA:MNA) rose 0.2% during trading on Thursday . The company traded as high as $36.47 and last traded at $36.30. Approximately 12,071 shares traded hands during trading, a decline of 62% from the average daily volume of 32,168 shares. The stock had previously closed at $36.24.

NYLI Merger Arbitrage ETF Price Performance

The business’s 50 day moving average is $36.38 and its 200 day moving average is $36.16. The stock has a market cap of $250.47 million, a price-to-earnings ratio of 25.78 and a beta of 0.06.

Institutional Investors Weigh In On NYLI Merger Arbitrage ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its position in NYLI Merger Arbitrage ETF by 85.0% in the fourth quarter. Farther Finance Advisors LLC now owns 36,622 shares of the company’s stock valued at $1,311,000 after acquiring an additional 16,831 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in NYLI Merger Arbitrage ETF by 293.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,636 shares of the company’s stock valued at $59,000 after acquiring an additional 1,220 shares during the last quarter. Parallel Advisors LLC lifted its position in NYLI Merger Arbitrage ETF by 3,467.5% in the fourth quarter. Parallel Advisors LLC now owns 5,708 shares of the company’s stock valued at $204,000 after acquiring an additional 5,548 shares during the last quarter. Ameriprise Financial Inc. lifted its position in NYLI Merger Arbitrage ETF by 70.6% in the second quarter. Ameriprise Financial Inc. now owns 171,803 shares of the company’s stock valued at $6,059,000 after acquiring an additional 71,109 shares during the last quarter. Finally, Collaborative Fund Advisors LLC purchased a new stake in NYLI Merger Arbitrage ETF in the first quarter valued at $2,216,000.

About NYLI Merger Arbitrage ETF

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.