NYLI Merger Arbitrage ETF (NYSEARCA:MNA – Get Free Report)’s stock price traded up 0.4% on Thursday . The company traded as high as $36.09 and last traded at $36.08. 19,136 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 34,650 shares. The stock had previously closed at $35.95.
NYLI Merger Arbitrage ETF Price Performance
The firm has a market capitalization of $255.03 million, a P/E ratio of 25.78 and a beta of 0.06. The firm’s fifty day moving average price is $35.80 and its 200-day moving average price is $35.55.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. bought a new position in NYLI Merger Arbitrage ETF in the second quarter valued at $205,000. Summit Financial LLC purchased a new position in shares of NYLI Merger Arbitrage ETF in the 1st quarter worth about $201,000. Worth Asset Management LLC bought a new position in shares of NYLI Merger Arbitrage ETF during the 3rd quarter valued at about $363,000. Kingswood Wealth Advisors LLC raised its holdings in shares of NYLI Merger Arbitrage ETF by 37.9% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 62,823 shares of the company’s stock valued at $2,216,000 after buying an additional 17,258 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of NYLI Merger Arbitrage ETF by 10.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 189,723 shares of the company’s stock valued at $6,807,000 after buying an additional 17,920 shares in the last quarter.
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.
See Also
- Five stocks we like better than NYLI Merger Arbitrage ETF
- Russell 2000 Index, How Investors Use it For Profitable Trading
- Why Amazon Could Be a $300 Stock Within Weeks
- How Can Investors Benefit From After-Hours Trading
- Adobe Gets Post-Earnings Lift: Long-Term Outlook Favors Upside
- 5 discounted opportunities for dividend growth investors
- MarketBeat Week in Review – 12/8 – 12/12
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.
