8-Apr-2026
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The NYLI Merger Arbitrage ETF seeks to track before fees and expenses the performance of the NYLI Merger Arbitrage Index. The Index seeks to achieve capital appreciation by investing in global companies for which there has been a public announcement of a takeover by an acquirer. This differentiated approach is based on a passive strategy of owning certain announced takeover targets with the goal of generating returns that are representative of global merger arbitrage activity. The Index also includes short exposure to global equities as a partial equity market hedge. Merger arbitrage is a directional hedge fund strategy. The NYLI Merger Arbitrage ETF is not a hedge fund and does not invest in hedge funds.
Nyli Merger Arbitrage ETF trades on the ARCA stock market under the symbol MNA.
As of April 8, 2026, MNA stock price climbed to $36.53 with 17,404 million shares trading.
MNA has a beta of 0.10, meaning it tends to be less sensitive to market movements. MNA has a correlation of 0.26 to the broad based SPY ETF.
MNA has a market cap of $253.88 million. This is considered a Small Cap stock.
In the last 3 years, MNA traded as high as $36.75 and as low as $30.36.
MNA has underperformed the market in the last year with a price return of +8.6% while the SPY ETF gained +35.5%. However, in the short term, MNA had mixed performance relative to the market. It has outperformed in the last 3 months, returning +1.6% vs -1.7% return in SPY. But in the last 2 weeks, MNA shares have been beat by the market, returning +0.4% compared to an SPY return of +3.5%.
MNA support price is $36.22 and resistance is $36.54 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MNA shares will trade within this expected range on the day.
