MNA IQ Merger Arbitrage ETF

  • ETF
  • MNA
  • Category
  • Hedge Fund
Share
Last Updated:

MNA - Profile

Vitals

Investment Themes

Alternative ETFs in the Hedge Fund Category

Sign Up for Pro to Unlock Data Sign Up
Type Ticker Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest
Largest (AUM)
Most Liquid (Volume)
Top YTD Performer

Description

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.

Realtime Rating

MNA - Realtime Rating

Sign Up for Pro to Unlock Data Sign Up

Realtime Rating Summary

MNA is a passive ETF that seeks to replicate IQ 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.

The adjacent table gives investors an individual Realtime Rating for MNA on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Hedge Fund with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

MNA Overall Realtime Rating:

A+ Overall Rated ETF:

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B+ n/a
Expenses B- n/a
Performance
Volatility
Dividend
Concentration

Knowledge Center

Sector ETFs

Alternative ETFs

Vanguard Center

Emerging Market ETFs

MLP Center

Leveraged ETFs

MNA In-Depth Analysis

The following tables and charts contain in-depth metrics for MNA and compare it to similar peer ETFs within its ETFdb Category.

Holdings

MNA - Holdings

Filings Data as of: Jul 05, 2015
Sign Up for Pro to Unlock Data Sign Up

Concentration Analysis

This section compares how balanced and deep MNA is relative to the peer group ETFdb Category.

Number of Holdings
MNA Rank:
MNA 56
Category Low
Category High
% Assets in Top 10
MNA Rank:
MNA 65.63%
Category Low
Category High
Expense

MNA - Expenses & Fees

This section compares the cost efficiency of MNA to peers in the same ETFdb Category.

Sign Up for Pro to Unlock Data Sign Up

Expenses Ratio Analysis

Expense Ratio
MNA Rank:
MNA 0.76%
Category Low
Category High

Commission Free Trading in MNA

MNA is currently available for commission free trading on the following platforms: (Charles Schwab)

Category Commission Free Trading

There are 6 other ETFs in the Hedge Fund ETFdb Category that are also eligible for commission free trading:

Performance

MNA - Performance

This section shows how MNA has performed relative to its peer group ETFdb Category.

Sign Up for Pro to Unlock Data Sign Up
1 Week Return
MNA Rank:
MNA -1.36%
Category Low
Category High
4 Week Return
MNA Rank:
MNA -1.78%
Category Low
Category High
13 Week Return
MNA Rank:
MNA -2.29%
Category Low
Category High
26 Week Return
MNA Rank:
MNA -0.35%
Category Low
Category High
Year to Date Return
MNA Rank:
MNA 1.11%
Category Low
Category High
1 Year Return
MNA Rank:
MNA 1.29%
Category Low
Category High
3 Year Return
MNA Rank:
MNA 15.83%
Category Low
Category High
5 Year Return
MNA Rank:
MNA 12.05%
Category Low
Category High
Charts

MNA - Charts

The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.

The following chart also includes the option to compare the performance of MNA relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.

Valuation

MNA - Valuation

This section shows how the P/E multiple of MNA compares to the peer group ETFdb Category.

Sign Up for Pro to Unlock Data Sign Up
P/E Ratio
MNA Rank:
MNA 28.59
Category Low
Category High

As of Jul 27, 2015

Dividend

MNA - Dividend

This section shows how the dividend yield of MNA compares to the peer group ETFdb Category.

Sign Up for Pro to Unlock Data Sign Up
Annual Dividend Yield
MNA Rank:
MNA 0.95%
Category Low
Category High

As of Jul 27, 2015

Technicals

MNA - Technicals

Sign Up for Pro to Unlock Data Sign Up

MNA Volatility Analysis

This section shows how the volatility of MNA compares to the peer group ETFdb Category.

5 Day Volatility
MNA Rank:
MNA 5.36%
Category Low
Category High
20 Day Volatility
MNA Rank:
MNA 5.95%
Category Low
Category High
50 Day Volatility
MNA Rank:
MNA 4.37%
Category Low
Category High
200 Day Volatility
MNA Rank:
MNA 3.99%
Category Low
Category High
Beta
MNA Rank:
MNA 0.41
Category Low
Category High
Standard Deviation
MNA Rank:
MNA 0.63%
Category Low
Category High

MNA Technicals

  • 20 Day MA: $28.68
  • 60 Day MA: $28.89
  • MACD 15 Period: -0.42
  • MACD 100 Period: -0.66
  • Williams % Range 10 Day: 100.00
  • Williams % Range 20 Day: 100.00
  • RSI 10 Day: 26
  • RSI 20 Day: 32
  • RSI 30 Day: 36
  • Ultimate Oscillator: 39

MNA Bollinger Bands

  • Lower Bollinger (10 Day): $28.33
  • Upper Bollinger (10 Day): $28.87
  • Lower Bollinger (20 Day): $28.42
  • Upper Bollinger (20 Day): $28.94
  • Lower Bollinger (30 Day): $28.43
  • Upper Bollinger (30 Day): $29.11

MNA Support & Resistance

  • Support Level 1: $28.17
  • Support Level 2: $28.11
  • Resistance Level 1: $28.33
  • Resistance Level 2: $28.43

MNA Stochastic

  • Stochastic Oscillator %D (1 Day): 30.24
  • Stochastic Oscillator %D (5 Day): 26.30
  • Stochastic Oscillator %K (1 Day): 43.34
  • Stochastic Oscillator %K (5 Day): 33.98
Fact Sheet

MNA - Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

2014 Morningstar, Inc. All Rights Reserved. The information contained herein: ( 1 ) is proprietary to Morningstar and/or its content providers; ( 2 ) may not be copied or distributed; and ( 3 ) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.