NYLI Merger Arbitrage ETF (NYSEARCA:MNA) Shares Up 0.2% – Here’s Why

NYLI Merger Arbitrage ETF (NYSEARCA:MNA)’s share price rose 0.2% on Thursday . The company traded as high as $36.47 and last traded at $36.30. Approximately 12,071 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 32,168 shares. The stock had previously closed at $36.24.

NYLI Merger Arbitrage ETF Stock Up 0.4%

The firm has a market cap of $251.57 million, a P/E ratio of 25.78 and a beta of 0.06. The company’s 50 day simple moving average is $36.38 and its 200-day simple moving average is $36.16.

Institutional Trading of NYLI Merger Arbitrage ETF

Institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC lifted its position in shares of 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 buying an additional 1,010 shares in the last quarter. Collaborative Fund Advisors LLC purchased a new stake in shares of NYLI Merger Arbitrage ETF during the first quarter worth about $2,216,000. Kingswood Wealth Advisors LLC increased its stake in shares of 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 purchasing an additional 3,378 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of 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 worth $1,311,000 after purchasing an additional 16,831 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in 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 valued at $59,000 after buying an additional 1,220 shares in the last quarter.

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.