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IQ MERGER ARBITRAGE ETF: (MNA)

(Delayed quote from AMEX) As of Sep 15, 2014 03:59 PM ET

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$27.54 USD

-0.04 (-0.14%)

Volume: 4,098

Zacks ETF Rank: 0 - Not Rated [?]          

This is our ETF rating system that serves as a timeliness indicator for ETFs over the next 6 months:

Zacks Rank Definition
1 Strong Buy
2 Buy
3 Hold
4 Sell
5 Strong Sell

See all the Top Ranked ETFs here - The complete list of all the top ranked ETFs

ETF Quote Details

Previous Close 27.58
Open 27.63
Bid 27.44
Ask 32.27
Day Low-High 27.42-27.62
52wk Low-High 26.26-28.24
Volume 4,098
NAV (month end) 27.52
Premium (+)/Discount (-) (month end)+0.06

Zacks Premium Research for MNA

Zacks ETF Rank [?] Not rated 0
ETF Risk [?] NA

Zacks proprietary quantitative models divide each set of ETFs following a similar investment strategy (style box/industry/asset class) into three risk categories- High, Medium, and Low. The aim of our models is to select the best ETFs within each risk category, so that investors can pick an ETF that matches their particular risk preference in order to better achieve their investment goals.

This is our ETF rating system that serves as a timeliness indicator for ETFs over the next 6 months:

Zacks Rank Definition
1 Strong Buy
2 Buy
3 Hold
4 Sell
5 Strong Sell

See all the Top Ranked ETFs here - The complete list of all the top ranked ETFs

ETF Expense Ratio

Expense Ratio 0.75%
Dividend (Yield) $0.26 (0.96%)
Issuer INDEXIQ

Benchmark for MNA

IQ MERGER ARBITRAGE INDEX

The IQ Merger Arbitrage 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.

Fund Summary for MNA

IQ MERGER ARBITRAGE ETF

The Fund seeks to track, before fees and expenses, the performance of the IQ Merger Arbitrage Index.