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MNA Price & Analysis

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MNA ETF Chart & Stats

ETF Overview

IQ Merger Arbitrage ETF

The IQ Merger Arbitrage ETF (ticker: MNA) is a sophisticated investment vehicle designed for those seeking exposure to hedge fund strategies within the specialized realm of merger arbitrage. This ETF offers a unique approach to investing by focusing on long/short strategies that capitalize on the dynamic landscape of corporate mergers and acquisitions. By seeking to capture the potential returns from the successful completion of announced deals, MNA provides investors with a tactical way to diversify their portfolios beyond traditional equity and bond markets. As a niche product, the IQ Merger Arbitrage ETF stands out by employing a strategy that aims to deliver risk-adjusted returns through meticulously analyzing and selecting potential merger candidates. This involves shorting the acquiring company's stock while going long on the target company, thereby seeking to profit from the spread between their respective stock prices. This method not only aims to mitigate market volatility but also provides an alternative source of returns that is relatively uncorrelated with broader market movements. Investors intrigued by the intricacies of the merger arbitrage niche will find the MNA ETF a compelling option, as it offers an opportunity to engage in a sophisticated market strategy without the need for direct involvement in individual merger trades. With its targeted focus and strategic positioning, the IQ Merger Arbitrage ETF is a valuable addition for those looking to enhance their investment portfolio with innovative, hedge fund-style strategies.
Asset Class
Alternatives
Region
Global
Issuer
New York Life Investments
Index Tracked
IQ Merger Arbitrage Index
Ticker Symbol
MNA

IQ Merger Arbitrage ETF (MNA) Fund Flow Chart

IQ Merger Arbitrage ETF (MNA) 1 year Net Flows: -$122M

MNA ETF FAQ

What was MNA’s price range in the past 12 months?
MNA lowest ETF price was $30.36 and its highest was $33.60 in the past 12 months.
    What is the AUM of MNA?
    As of Jan 28, 2025 The AUM of MNA is 213.31M.
      Is MNA overvalued?
      According to Wall Street analysts MNA’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
        Does MNA pay dividends?
        MNA pays a Notavailable dividend of $0.377 which represents an annual dividend yield of N/A. See more information on MNA dividends here
          How many shares outstanding does MNA have?
          MNA has 6,650,010 shares outstanding.
            Which hedge fund is a major shareholder of MNA?
            Among the largest hedge funds holding MNA’s share is ESL Trust Services, LLC. It holds MNA’s shares valued at 191K.

              MNA ETF Smart Score

              For ETFs, the calculations for the Smart Score, Analyst Consensus, Price Target, Blogger Sentiment, News Sentiment and Insider Transactions are based on the weighted average of the ETF's holdings and some additional factors. Hedge Fund Trend, Crowd Wisdom and Technicals are based on the actual ETF ticker.​

              Top 10 Holdings

              Name
              Weight %
              Discover Financial Services
              7.95%
              Juniper Networks
              4.54%
              iShares Short Treasury Bond ETF
              4.50%
              DS Smith
              4.26%
              Hashicorp, Inc. Class A
              4.24%
              Dreyfus Institutional Reserves Money Fund Institutional
              3.99%
              Frontier Communications Parent, Inc.
              3.86%
              Summit Materials Inc.
              3.82%
              Berry Global Group Inc
              3.81%
              Altair Engineering
              3.43%
              Total44.41%
              See All Holdings
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