NYLI Merger Arbitrage ETF (NYSEARCA:MNA) Short Interest Down 68.6% in July

NYLI Merger Arbitrage ETF (NYSEARCA:MNA) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 38,513 shares, a decrease of 68.6% from the July 15th total of 122,847 shares. Based on an average daily trading volume, of 15,600 shares, the short-interest ratio is presently 2.5 days. Currently, 0.6% of the company’s shares are short sold.

NYLI Merger Arbitrage ETF Stock Up 0.3%

MNA traded up $0.10 during trading on Friday, reaching $36.85. The company had a trading volume of 13,805 shares, compared to its average volume of 31,164. The business has a 50 day simple moving average of $36.51 and a 200-day simple moving average of $36.38. The stock has a market cap of $254.26 million, a P/E ratio of 25.78 and a beta of 0.06. NYLI Merger Arbitrage ETF has a 52 week low of $34.91 and a 52 week high of $37.19.

Hedge Funds Weigh In On NYLI Merger Arbitrage ETF

A number of large investors have recently made changes to their positions in the company. Parallel Advisors LLC grew its holdings 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 purchasing an additional 1,010 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its stake 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 worth $4,008,000 after purchasing an additional 3,378 shares during the last quarter. Farther Finance Advisors LLC lifted its stake 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 worth $1,311,000 after purchasing an additional 16,831 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of NYLI Merger Arbitrage ETF by 10.4% in the third quarter. Ameriprise Financial Inc. now owns 189,723 shares of the company’s stock worth $6,807,000 after buying an additional 17,920 shares during the period. Finally, Collaborative Fund Advisors LLC bought a new stake in shares of NYLI Merger Arbitrage ETF during the 1st quarter worth approximately $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.