NYLI Merger Arbitrage ETF (NYSEARCA:MNA) Short Interest Up 41.8% in January

NYLI Merger Arbitrage ETF (NYSEARCA:MNA) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 13,433 shares, an increase of 41.8% from the December 31st total of 9,470 shares. Based on an average daily volume of 60,650 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 60,650 shares, the days-to-cover ratio is currently 0.2 days.

NYLI Merger Arbitrage ETF Stock Down 0.3%

NYLI Merger Arbitrage ETF stock opened at $36.17 on Friday. The company has a fifty day simple moving average of $35.93 and a 200-day simple moving average of $35.78. The firm has a market capitalization of $256.81 million, a price-to-earnings ratio of 25.78 and a beta of 0.06. NYLI Merger Arbitrage ETF has a 52-week low of $33.21 and a 52-week high of $36.73.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MNA. Kingswood Wealth Advisors LLC boosted its holdings in shares of NYLI Merger Arbitrage ETF by 72.9% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 108,615 shares of the company’s stock worth $3,899,000 after purchasing an additional 45,792 shares during the last quarter. Worth Asset Management LLC purchased a new position in NYLI Merger Arbitrage ETF during the third quarter worth approximately $363,000. Farther Finance Advisors LLC lifted its position in NYLI Merger Arbitrage ETF by 85.0% during the fourth quarter. Farther Finance Advisors LLC now owns 36,622 shares of the company’s stock worth $1,311,000 after buying an additional 16,831 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in NYLI Merger Arbitrage ETF by 293.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,636 shares of the company’s stock worth $59,000 after buying an additional 1,220 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in NYLI Merger Arbitrage ETF by 10.4% during 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 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.