NYLI Merger Arbitrage ETF (NYSEARCA:MNA – Get Free Report) shares traded down 0.3% during mid-day trading on Monday . The company traded as low as $36.49 and last traded at $36.49. 18,979 shares were traded during trading, a decline of 41% from the average session volume of 32,415 shares. The stock had previously closed at $36.59.
NYLI Merger Arbitrage ETF Stock Performance
The business’s fifty day moving average is $36.46 and its two-hundred day moving average is $36.33. The company has a market cap of $250.88 million, a P/E ratio of 25.78 and a beta of 0.06.
Institutional Trading of NYLI Merger Arbitrage ETF
Institutional investors and hedge funds have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of NYLI Merger Arbitrage ETF by 293.3% in 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. Parallel Advisors LLC grew its holdings in NYLI Merger Arbitrage ETF by 3,467.5% during the fourth quarter. Parallel Advisors LLC now owns 5,708 shares of the company’s stock worth $204,000 after acquiring an additional 5,548 shares during the period. Farther Finance Advisors LLC lifted its stake 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 during the period. Collaborative Fund Advisors LLC purchased a new stake in shares of NYLI Merger Arbitrage ETF during the 1st quarter worth about $2,216,000. Finally, Kingswood Wealth Advisors LLC grew its holdings in NYLI Merger Arbitrage ETF by 3.1% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 111,993 shares of the company’s stock valued at $4,008,000 after purchasing an additional 3,378 shares during the period.
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.
Recommended Stories
- Five stocks we like better than NYLI Merger Arbitrage ETF
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
- Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
- Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
- Why Bloom Energy May Be the Most Important AI Infrastructure Stock
Receive News & Ratings for NYLI Merger Arbitrage ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NYLI Merger Arbitrage ETF and related companies with MarketBeat.com's FREE daily email newsletter.
