MNA Stock Fund Price and Chart — AMEX:MNA

Overview

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MNA chart

Key stats

About NYLI Merger Arbitrage ETF

MNA aims to generate returns through a passive strategy that represents the global merger arbitrage activity. The fund takes long positions in stocks that are reported targets of takeovers or acquisitions and other buyout-related transactions. The underlying index seeks to capitalize on the spread between the target companys current market stock price and the price of that stock received by the holder from the buyout transaction. Rather than directly shorting the acquiring name, the fund partially offsets long stakes with broad equity indexes. The resulting net long equity position should aid in keeping correlations low over time, and the approach hopes to reduce expenses since it avoids 100% short positions. Prior to Aug. 28, 2024, the fund name was branded under IndexIQ.

Classification

MNA analysis

What's in the fund

Exposure type

Finance

Mutual fund

Stocks72.16%

Finance15.84%

Utilities7.47%

Electronic Technology6.61%

Communications6.45%

Producer Manufacturing5.99%

Consumer Non-Durables4.49%

Technology Services4.42%

Commercial Services4.10%

Consumer Services4.06%

Transportation3.86%

Retail Trade3.02%

Non-Energy Minerals2.90%

Energy Minerals2.15%

Industrial Services0.51%

Health Technology0.29%

Bonds, Cash & Other27.84%

Mutual fund17.42%

ETF8.99%

Cash1.42%

Miscellaneous0.01%

Top 10 holdings

Ideas

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Technicals

Summarizing what the indicators are suggesting.

Oscillators

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