MNA IQ Merger Arbitrage ETF
- Hedge Fund
Alternative ETFs in the Hedge Fund Category
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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 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 In-Depth Analysis
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb Category.
MNA HoldingsFilings Data as of: Feb 02, 2016
Top Ten Holdings
This section compares how balanced and deep this ETF is relative to the peer group ETFdb Category.
MNA Expenses & Fees
This section compares the cost efficiency of this ETF to peers in the same ETFdb Category.
Expenses Ratio Analysis
Commission Free Trading
This ETF 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:
This section shows how this ETF has performed relative to its peer group ETFdb Category.
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.
This section shows how the volatility of this ETF compares to the peer group ETFdb Category.
- 20 Day MA: $27.94
- 60 Day MA: $27.78
- MACD 15 Period: 0.11
- MACD 100 Period: 0.50
- Williams % Range 10 Day: 71.68
- Williams % Range 20 Day: 34.91
- RSI 10 Day: 59
- RSI 20 Day: 59
- RSI 30 Day: 57
- Ultimate Oscillator: 51
- Lower Bollinger (10 Day): $27.97
- Upper Bollinger (10 Day): $28.36
- Lower Bollinger (20 Day): $27.36
- Upper Bollinger (20 Day): $28.47
- Lower Bollinger (30 Day): $27.47
- Upper Bollinger (30 Day): $28.40
Support & Resistance
- Support Level 1: $27.68
- Support Level 2: $27.21
- Resistance Level 1: $28.80
- Resistance Level 2: $29.45
- Stochastic Oscillator %D (1 Day): 50.03
- Stochastic Oscillator %D (5 Day): 51.47
- Stochastic Oscillator %K (1 Day): 60.07
- Stochastic Oscillator %K (5 Day): 66.09
Latest MNA News
Inside This Year's M&A Boom and the IQ Merger Arbitrage ETF (MNA)
A Closer Look At Merger Arbitrage ETPs
ProShares Launches Hedge Fund Replication ETF (HDG)
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