NYLI Merger Arbitrage ETF (MNA)Event Driven | Exchange Traded Fund | NYSEArca
36.52 USD
+0.16
(0.440%)
⇧
(April 17, 2026, 12:50 p.m.
EDT)
Short-term: ★★★☆☆ | Long-term: ★★★☆☆ | Dividends: ★☆☆☆☆ |
Hot Take | April 11, 2026, 3:43 p.m. EDT
MNA has shown slight volatility in recent price movements, hovering near its 52-week high. The ETF is part of a broader trend in merger arbitrage, which is gaining traction due to potential rate cuts and M&A activity. However, the limited dividend history and low dividend yield suggest it may not be ideal for income-focused investors. The options market is cautiously optimistic, but the lack of significant put activity indicates a lack of bearish speculation. This could be a short-term opportunity for momentum traders, but long-term investors should consider the ETF's fundamentals and market trends. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.004226 |
| AutoETS | 0.004242 |
| MSTL | 0.004268 |
| AutoTheta | 0.004656 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 80% |
| H-stat | 0.61 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.393 |
| Excess Kurtosis | -0.93 |
| Attribute | Value |
|---|---|
| Trailing P/E | 23.70 |
As of April 11, 2026, 3:43 p.m. EDT: The options activity shows minimal positioning with only one call option at the 39.0 strike price, which is 7.6% above the current price. The high implied volatility (IV) of 63% suggests uncertainty or potential for significant price movement, but the lack of put options indicates limited bearish sentiment. Overall, the options market is not signaling strong momentum or a clear direction.
| Date | Dividend | Yield % |
|---|---|---|
| 2023-12-28 | 0.378 | 1.201526 |
| 2020-12-30 | 0.766 | 2.334299 |
| 2016-12-28 | 0.061 | 0.215503 |
| 2015-12-29 | 0.245 | 0.906956 |
| 2013-12-27 | 0.264 | 1.044381 |
| 2012-12-27 | 0.049 | 0.208953 |
| 2010-12-23 | 0.328 | 1.390259 |
| 2009-12-23 | 0.002 | 0.008378 |
| Attribute | Value |
|---|---|
| All Time High | 36.75 |
| All Time Low | 21.52 |
| Ask | 36.52 |
| Ask Size | 800 |
| Average Daily Volume10 Day | 33,840 |
| Average Daily Volume3 Month | 31,698 |
| Average Volume | 31,698 |
| Average Volume10Days | 33,840 |
| Beta3 Year | 0.04 |
| Bid | 36.47 |
| Bid Size | 200 |
| Category | Event Driven |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 36.5199 |
| Day Low | 36.47 |
| Dividend Yield | 0.0 |
| Eps Trailing Twelve Months | 1.5408765 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 36.2662 |
| Fifty Day Average Change | 0.25370026 |
| Fifty Day Average Change Percent | 0.0069955015 |
| Fifty Two Week Change Percent | 5.6669593 |
| Fifty Two Week High | 36.75 |
| Fifty Two Week High Change | -0.23009872 |
| Fifty Two Week High Change Percent | -0.00626119 |
| Fifty Two Week Low | 34.0 |
| Fifty Two Week Low Change | 2.5199013 |
| Fifty Two Week Low Change Percent | 0.07411474 |
| Fifty Two Week Range | 34.0 - 36.75 |
| First Trade Date Milliseconds | 1,258,468,200,000 |
| Five Year Average Return | 0.0201075 |
| Full Exchange Name | NYSEArca |
| Fund Family | New York Life Investment Management LLC |
| Fund Inception Date | 1,258,416,000 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the investments included in its underlying index. The underlying index seeks to employ a systematic investment process designed to identify opportunities in companies whose equity securities trade in developed markets, including the U.S., and which are involved in announced mergers, acquisitions and other buyout-related transactions. The fund is non-diversified. |
| Long Name | NYLI Merger Arbitrage ETF |
| Market | us_market |
| Market State | REGULAR |
| Max Age | 86,400 |
| Message Board Id | finmb_79688139 |
| Nav Price | 36.35625 |
| Net Assets | 253,183,024.0 |
| Net Expense Ratio | 0.77 |
| Open | 36.49 |
| Phone | 1-888-934-0777 |
| Previous Close | 36.36 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.15990067 |
| Regular Market Change Percent | 0.4397708 |
| Regular Market Day High | 36.5199 |
| Regular Market Day Low | 36.47 |
| Regular Market Day Range | 36.47 - 36.5199 |
| Regular Market Open | 36.49 |
| Regular Market Previous Close | 36.36 |
| Regular Market Price | 36.5199 |
| Regular Market Time | 1,776,444,614 |
| Regular Market Volume | 6,957 |
| Short Name | NYLI Merger Arbitrage ETF |
| Source Interval | 15 |
| Symbol | MNA |
| Three Year Average Return | 0.0502869 |
| Total Assets | 253,183,024 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 23.700731 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 1.49499 |
| Trailing Three Month Returns | 1.49499 |
| Triggerable | 1 |
| Two Hundred Day Average | 35.8719 |
| Two Hundred Day Average Change | 0.6480026 |
| Two Hundred Day Average Change Percent | 0.018064352 |
| Type Disp | ETF |
| Volume | 6,957 |
| Yield | 0.0 |
| Ytd Return | 1.49499 |