NYLIM Merger Arbitrage ETF (NYSEARCA:MNA – Get Free Report)’s share price crossed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $36.80 and traded as low as $36.70. NYLIM Merger Arbitrage ETF shares last traded at $36.76, with a volume of 15,347 shares trading hands.
NYLIM Merger Arbitrage ETF Price Performance
The business has a 50 day moving average of $36.80 and a 200 day moving average of $36.51. The company has a market cap of $275.70 million, a PE ratio of 25.78 and a beta of 0.07.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC raised its holdings in NYLIM Merger Arbitrage ETF by 17.7% in the 1st quarter. Parallel Advisors LLC now owns 6,718 shares of the company’s stock worth $244,000 after purchasing an additional 1,010 shares in the last quarter. Diversify Advisory Services LLC lifted its position in shares of NYLIM Merger Arbitrage ETF by 12.0% in the 3rd quarter. Diversify Advisory Services LLC now owns 7,503 shares of the company’s stock worth $276,000 after purchasing an additional 806 shares during the period. RHS Financial LLC boosted its stake in shares of NYLIM Merger Arbitrage ETF by 11.4% during the 3rd quarter. RHS Financial LLC now owns 12,670 shares of the company’s stock valued at $467,000 after purchasing an additional 1,295 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of NYLIM Merger Arbitrage ETF during the 3rd quarter valued at about $522,000. Finally, Good Steward Wealth Advisors LLC boosted its stake in shares of NYLIM Merger Arbitrage ETF by 12.7% during the 3rd quarter. Good Steward Wealth Advisors LLC now owns 15,303 shares of the company’s stock valued at $564,000 after purchasing an additional 1,727 shares in the last quarter.
NYLIM 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.
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