NYLI Merger Arbitrage ETF (NYSEARCA:MNA) Short Interest Up 20.5% in February

NYLI Merger Arbitrage ETF (NYSEARCA:MNA) was the recipient of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 10,855 shares, a growth of 20.5% from the January 29th total of 9,006 shares. Based on an average daily trading volume, of 33,979 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 33,979 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of NYLI Merger Arbitrage ETF

Several large investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC lifted its stake in shares of 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 purchasing an additional 5,548 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its position in NYLI Merger Arbitrage ETF by 3.1% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 111,993 shares of the company’s stock worth $4,008,000 after acquiring an additional 3,378 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in 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 worth $1,311,000 after acquiring an additional 16,831 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew 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 in the last quarter. Finally, Ameriprise Financial Inc. grew its position in NYLI Merger Arbitrage ETF by 10.4% in the third quarter. Ameriprise Financial Inc. now owns 189,723 shares of the company’s stock valued at $6,807,000 after acquiring an additional 17,920 shares in the last quarter.

NYLI Merger Arbitrage ETF Stock Down 0.3%

Shares of MNA stock opened at $36.20 on Wednesday. NYLI Merger Arbitrage ETF has a fifty-two week low of $33.40 and a fifty-two week high of $36.73. The firm’s 50 day moving average price is $36.12 and its two-hundred day moving average price is $35.91. The stock has a market cap of $253.40 million, a price-to-earnings ratio of 25.78 and a beta of 0.06.

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.