Investors looking for ETFs with rising momentum should begin to consider the IQ ARB Merger Arbitrage ETF (MNA). This product just hit a new 52-week high of $29.65 today, and is now up 10.18% from its 52-week low price of $26.91 per share.
Will this ETF continue its string of recent wins? Let’s take a closer look at the fund, its recent gains, the category it resides in, and its ratings and outlook to get a sense of whether its momentum is sustainable or not.