Notable companies
The most notable companies in this group are Pioneer Natural Resource Co (null:PXD), Hess Corp (NYSE:HES), Discover Financial Services (NYSE:DFS), Juniper Networks (NYSE:JNPR), United States Steel Corp (NYSE:X), Capri Holdings Limited (NYSE:CPRI).
Industry description
The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the NYLI Merger Arbitrage Index.
The fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the investments included in its underlying index. The underlying index seeks to employ a systematic investment process designed to identify opportunities in companies whose equity securities trade in developed markets, including the U.S., and which are involved in announced mergers, acquisitions and other buyout-related transactions. The fund is non-diversified.
Market Cap
The average market capitalization across the NYLI Merger Arbitrage ETF ETF is 9.4B. The market cap for tickers in the group ranges from 5.29M to 61.67B. PXD holds the highest valuation in this group at 61.67B. The lowest valued company is ACRL at 5.29M.
High and low price notable news
The average weekly price growth across all stocks in the NYLI Merger Arbitrage ETF ETF was -0%. For the same ETF, the average monthly price growth was -1%, and the average quarterly price growth was 5%. RDW experienced the highest price growth at 15%, while INBX experienced the biggest fall at -15%.
Volume
The average weekly volume growth across all stocks in the NYLI Merger Arbitrage ETF ETF was 51%. For the same stocks of the ETF, the average monthly volume growth was 222% and the average quarterly volume growth was 165%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 67
P/E Growth Rating: 48
Price Growth Rating: 52
SMR Rating: 69
Profit Risk Rating: 62
Seasonality Score: 46 (-100 ... +100)