NYLIM Merger Arbitrage ETF (NYSEARCA:MNA) Shares Shorted: Short Interest Up 176.5% in October

NYLIM Merger Arbitrage ETF (NYSEARCA:MNA) was the target of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 11,798 shares, an increase of 176.5% from the October 15th total of 4,267 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 19,043 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On NYLIM Merger Arbitrage ETF

Several large investors have recently made changes to their positions in the company. Global Retirement Partners LLC grew its stake in NYLIM Merger Arbitrage ETF by 160.7% in the 3rd quarter. Global Retirement Partners LLC now owns 16,687 shares of the company’s stock valued at $615,000 after acquiring an additional 10,285 shares during the period. Good Steward Wealth Advisors LLC raised its position in NYLIM Merger Arbitrage ETF by 12.7% during the third quarter. Good Steward Wealth Advisors LLC now owns 15,303 shares of the company’s stock worth $564,000 after acquiring an additional 1,727 shares during the period. New York Life Investment Management LLC acquired a new position in NYLIM Merger Arbitrage ETF during the third quarter worth $23,684,000. Kestra Advisory Services LLC acquired a new position in NYLIM Merger Arbitrage ETF during the third quarter worth $522,000. Finally, Collaborative Fund Advisors LLC lifted its holdings in NYLIM Merger Arbitrage ETF by 7.4% during the third quarter. Collaborative Fund Advisors LLC now owns 33,090 shares of the company’s stock valued at $1,219,000 after purchasing an additional 2,269 shares in the last quarter.

NYLIM Merger Arbitrage ETF Stock Up 0.1%

NYLIM Merger Arbitrage ETF stock opened at $36.78 on Friday. NYLIM Merger Arbitrage ETF has a 52 week low of $35.57 and a 52 week high of $37.19. The company has a market capitalization of $261.14 million, a price-to-earnings ratio of 25.78 and a beta of 0.07. The stock has a 50-day moving average price of $36.81 and a 200 day moving average price of $36.52.

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.