First Trust Merger Arbitrage ETF (NYSEARCA:MARB – Get Free Report) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 101 shares, an increase of ∞ from the May 31st total of 0 shares. Based on an average daily trading volume, of 2,031 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.
First Trust Merger Arbitrage ETF Price Performance
Shares of First Trust Merger Arbitrage ETF stock remained flat at $21.00 on Thursday. First Trust Merger Arbitrage ETF has a fifty-two week low of $19.75 and a fifty-two week high of $22.89. The stock has a fifty day moving average of $20.90 and a two-hundred day moving average of $20.77. The firm has a market cap of $25.21 million, a PE ratio of 20.69 and a beta of 0.03.
Hedge Funds Weigh In On First Trust Merger Arbitrage ETF
Hedge funds have recently bought and sold shares of the business. Osaic Holdings Inc. raised its position in First Trust Merger Arbitrage ETF by 19.3% in the second quarter. Osaic Holdings Inc. now owns 18,209 shares of the company’s stock worth $371,000 after acquiring an additional 2,948 shares during the period. Citadel Advisors LLC bought a new position in First Trust Merger Arbitrage ETF in the 3rd quarter worth $832,000. Susquehanna International Group LLP raised its holdings in First Trust Merger Arbitrage ETF by 2.0% in the 3rd quarter. Susquehanna International Group LLP now owns 36,685 shares of the company’s stock worth $745,000 after purchasing an additional 710 shares during the period. CIBC Private Wealth Group LLC purchased a new position in First Trust Merger Arbitrage ETF during the third quarter valued at $85,000. Finally, BCGM Wealth Management LLC lifted its position in First Trust Merger Arbitrage ETF by 1.8% during the fourth quarter. BCGM Wealth Management LLC now owns 68,580 shares of the company’s stock valued at $1,415,000 after purchasing an additional 1,237 shares in the last quarter.
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.
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