NYLIM Merger Arbitrage ETF (NYSEARCA:MNA) Stock Short Interest Report for October

NYLIM Merger Arbitrage ETF (NYSEARCA:MNA) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 4,267 shares, a decline of 52.3% from the September 30th total of 8,953 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 90,460 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. One Capital Management LLC bought a new stake in shares of NYLIM Merger Arbitrage ETF during the 2nd quarter worth $6,567,000. Collaborative Fund Advisors LLC bought a new position in NYLIM Merger Arbitrage ETF during the first quarter valued at about $2,216,000. Stonehearth Capital Management LLC grew its position in NYLIM Merger Arbitrage ETF by 9.3% during the third quarter. Stonehearth Capital Management LLC now owns 17,944 shares of the company’s stock valued at $661,000 after buying an additional 1,533 shares during the period. RHS Financial LLC increased its holdings in NYLIM Merger Arbitrage ETF by 11.4% during the third quarter. RHS Financial LLC now owns 12,670 shares of the company’s stock worth $467,000 after buying an additional 1,295 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC increased its holdings in NYLIM Merger Arbitrage ETF by 1.5% during the third quarter. Kingswood Wealth Advisors LLC now owns 81,279 shares of the company’s stock worth $2,994,000 after buying an additional 1,203 shares during the last quarter.

NYLIM Merger Arbitrage ETF Stock Down 0.4%

NYSEARCA:MNA traded down $0.14 on Friday, hitting $36.86. The stock had a trading volume of 25,221 shares, compared to its average volume of 33,758. The company has a market cap of $261.71 million, a PE ratio of 25.78 and a beta of 0.07. NYLIM Merger Arbitrage ETF has a 52 week low of $35.57 and a 52 week high of $37.19. The business’s fifty day moving average is $36.79 and its 200 day moving average is $36.48.

NYLIM 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.