Short Interest in First Trust Merger Arbitrage ETF (NYSEARCA:MARB) Expands By 27.6%

First Trust Merger Arbitrage ETF (NYSEARCA:MARB) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 14,114 shares, an increase of 27.6% from the March 15th total of 11,065 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 59,976 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On First Trust Merger Arbitrage ETF

Several institutional investors and hedge funds have recently modified their holdings of MARB. Osaic Holdings Inc. raised its position in shares of First Trust Merger Arbitrage ETF by 19.3% during the second quarter. Osaic Holdings Inc. now owns 18,209 shares of the company’s stock valued at $371,000 after buying an additional 2,948 shares during the last quarter. Private Trust Co. NA bought a new stake in shares of First Trust Merger Arbitrage ETF during the third quarter valued at approximately $41,000. Clear Harbor Asset Management LLC increased its position in First Trust Merger Arbitrage ETF by 7.5% in the third quarter. Clear Harbor Asset Management LLC now owns 46,014 shares of the company’s stock worth $934,000 after purchasing an additional 3,210 shares during the last quarter. World Equity Group Inc. bought a new stake in First Trust Merger Arbitrage ETF in the third quarter worth $298,000. Finally, AE Wealth Management LLC bought a new stake in First Trust Merger Arbitrage ETF in the third quarter worth $107,000.

First Trust Merger Arbitrage ETF Price Performance

First Trust Merger Arbitrage ETF stock opened at $20.83 on Friday. The stock has a market cap of $25.00 million, a P/E ratio of 20.69 and a beta of 0.03. First Trust Merger Arbitrage ETF has a 1 year low of $19.61 and a 1 year high of $22.33. The firm’s 50 day moving average price is $20.72 and its 200-day moving average price is $20.62.

About First Trust Merger Arbitrage ETF

The First Trust Vivaldi Merger Arbitrage ETF (MARB) is an exchange-traded fund that mostly invests in long\u002Fshort alternatives. The fund is an actively-managed global fund that uses a merger arbitrage strategy to long takeover target and short the acquiring company. MARB was launched on Feb 4, 2020 and is managed by First Trust.