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

NYLI Merger Arbitrage ETF (NYSEARCA:MNA) shares traded up 0.2% during mid-day trading on Thursday . The company traded as high as $36.76 and last traded at $36.50. Approximately 23,773 shares were traded during trading, a decline of 23% from the average daily volume of 30,773 shares. The stock had previously closed at $36.41.

NYLI Merger Arbitrage ETF Stock Up 0.2%

The firm has a 50 day moving average price of $36.41 and a 200 day moving average price of $36.23. The stock has a market cap of $251.85 million, a PE ratio of 25.78 and a beta of 0.06.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. lifted its position in shares of NYLI Merger Arbitrage ETF by 10.4% in the 3rd 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. Kingswood Wealth Advisors LLC lifted its holdings 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 buying an additional 3,378 shares during the period. Collaborative Fund Advisors LLC purchased a new stake in NYLI Merger Arbitrage ETF during the first quarter worth $2,216,000. Farther Finance Advisors LLC boosted its position 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 valued at $1,311,000 after acquiring an additional 16,831 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in 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 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.