NYLI Merger Arbitrage ETF (MNA) Price, Holdings, & News

ETF Overview

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.

Key Stats

• Today's Range: $35.59 to $35.66
• 50-Day Range: $34.90 to $35.92
• 52-Week Range: $32.43 to $35.92
• Volume: 13,290 shs
• Average Volume: 36,768 shs
• Market Capitalization: $249.35 million
• Assets Under Management: $254.54 million
• Dividend Yield: N/A
• Net Expense Ratio: 0.77%
• Aggregate Rating: Hold

MNA ETF - Frequently Asked Questions

How have MNA shares performed this year?

NYLI Merger Arbitrage ETF's stock was trading at $32.96 at the beginning of the year. Since then, MNA shares have increased by 8.1% and is now trading at $35.6220.

Who are NYLI Merger Arbitrage ETF's major shareholders?

NYLI Merger Arbitrage ETF's top institutional investors include Ameriprise Financial Inc. (2.45%), Captrust Financial Advisors (1.33%), Kingswood Wealth Advisors LLC (0.91%) and Farther Finance Advisors LLC (0.39%).

How do I buy shares of NYLI Merger Arbitrage ETF?

Shares of MNA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of NYLI Merger Arbitrage ETF own?

Based on aggregate information from My MarketBeat watchlists, some other companies that NYLI Merger Arbitrage ETF investors own include iQIYI (IQ), NYLI Hedge Multi-Strategy Tracker ETF (QAI), NIO (NIO), Abiomed (ABMD), Alibaba Group (BABA), iShares MSCI Emerging Markets ETF (EEM) and EnSync (ESNC).

Fund Details

• Issuer: New York Life Investments
• Fund Name: NYLI Merger Arbitrage ETF
• Tax Classification: Regulated Investment Company
• Stock Exchange: NYSEARCA
• Current Symbol: NYSEARCA:MNA
• Inception Date: 11/16/2009
• Fund Manager: Greg Barrato, Francis Ok
• Web: N/A
• Phone: N/A

Fund Focus

• Asset Class: Equity
• Benchmark: NYLI Merger Arbitrage Index
• Category: Strategy
• Focus: Long/Short
• Development Level: Blended Development
• Region: Global
• Number of Holdings: 96

Fund Statistics

• Assets Under Management: $254.54 million
• Average Daily Volume: $40.62 thousand
• Discount/Premium: 0.06%

Administrator, Advisor and Custodian

• Administrator: The Bank of New York Mellon Corporation
• Advisor: New York Life Investment Management, LLC
• Custodian: The Bank of New York Mellon Corporation
• Distributor: ALPS Distributors, Inc.
• Transfer Agent: The Bank of New York Mellon Corporation
• Trustee: N/A
• Lead Market Maker: Virtu Financial

Options

• Optionable: Optionable
• Options Volume: 1
• Put Options: 1
• Call Options: 1
• Short Interest: 26,100 shs

Miscellaneous

• Outstanding Shares: 7,000,000
• Beta: 0.13
• Creation Unit: 50,000
• Creation Fee: $500.00