MNA.P Breaks Through 52-Week High at $34.8: A Strong Signal in Merger Arbitrage

ETF EdgeMonday, Apr 14, 2025 4:05 pm ET
2min read

The NYLI Merger Arbitrage ETF (MNA.P) focuses on employing a merger arbitrage strategy, primarily by taking long positions in companies that are potential takeover targets while simultaneously shorting broader global equity indexes. This ETF operates within the Alternatives asset class and has demonstrated substantial inflows recently, with net fund flows showcasing strong investor interest. On the day it hit a 52-week high of 34.8, MNA.P recorded net fund flows of approximately $1,968,490 from regular orders, $2,016,221 from

orders, and $1,916,444 from extra-large orders, indicating a robust demand from various investor segments.



The recent surge in MNA.P can be attributed to a combination of increasing market optimism surrounding merger activities and a favorable economic environment that encourages corporate consolidation. As companies seek to enhance their competitive positioning through mergers and acquisitions, ETFs like MNA.P are well-positioned to benefit from these trends.


From a technical standpoint, MNA.P has not yet signaled any significant patterns such as golden crosses or dead crosses, nor has it shown signs of being overbought or oversold according to the RSI metrics. This suggests that the ETF is currently in a stable trading range, making it an attractive option for investors looking for potential entry points without the pressure of imminent overvaluation.


ETF CodeExpense Ratio Leverage RatioAUM
BND.P0.031.0$125B
BSCX.O0.11.0$525M
BSMV.O0.181.0$96M
BKHY.P0.221.0$194M
BSCU.O0.11.0$1B
CLOZ.P0.51.0$650M
CEMB.B0.51.0$372M
APMU.P0.371.0$160M
CALI.O0.21.0$75M
BSJU.O0.421.0$107M

In summary, the NYLI Merger Arbitrage ETF presents both opportunities and challenges. The primary opportunity lies in its strategic positioning to capitalize on a favorable merger environment and its strong inflow of capital. However, investors should also remain cautious of potential market volatility and the inherent risks associated with merger arbitrage strategies, particularly in uncertain economic climates.