Does IQ Merger Arbitrage Etf (NYSEARCA:MNA) Have Gas After Even Less Sellers Involved?

June 17, 2018 - By Richard Conner

The stock of IQ Merger Arbitrage Etf (NYSEARCA:MNA) registered a decrease of 46.31% in short interest. MNA’s total short interest was 87,400 shares in June as published by FINRA. Its down 46.31% from 162,800 shares, reported previously. With 152,300 shares average volume, it will take short sellers 1 days to cover their MNA’s short positions.

The ETF decreased 0.13% or $0.04 during the last trading session, reaching $30.79. About 81,997 shares traded. IQ Merger Arbitrage ETF (NYSEARCA:MNA) has risen 1.95% since June 17, 2017 and is uptrending. It has underperformed by 10.62% the S&P500.

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