First Trust Merger Arbitrage ETF (NYSEARCA:MARB) Short Interest Down 97.4% in April

by · The Cerbat Gem

First Trust Merger Arbitrage ETF (NYSEARCA:MARB – Get Free Report) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totaling 374 shares, a decline of 97.4% from the March 31st total of 14,114 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 21,748 shares, the short-interest ratio is presently 0.0 days.

First Trust Merger Arbitrage ETF Stock Performance

First Trust Merger Arbitrage ETF stock traded up $0.01 during midday trading on Friday, reaching $20.85. The company’s stock had a trading volume of 1,253 shares, compared to its average volume of 23,878. First Trust Merger Arbitrage ETF has a fifty-two week low of $19.61 and a fifty-two week high of $22.33. The stock’s 50 day simple moving average is $20.74 and its 200 day simple moving average is $20.64. The firm has a market capitalization of $25.02 million, a PE ratio of 20.69 and a beta of 0.03.

Institutional Investors Weigh In On First Trust Merger Arbitrage ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Private Trust Co. NA acquired a new stake in First Trust Merger Arbitrage ETF in the third quarter valued at $41,000. Allworth Financial LP acquired a new position in First Trust Merger Arbitrage ETF during the fourth quarter worth about $67,000. CIBC Private Wealth Group LLC acquired a new position in First Trust Merger Arbitrage ETF during the third quarter worth about $85,000. AE Wealth Management LLC acquired a new position in First Trust Merger Arbitrage ETF during the third quarter worth about $107,000. Finally, Simplicity Wealth LLC grew its position in First Trust Merger Arbitrage ETF by 36.9% during the fourth quarter. Simplicity Wealth LLC now owns 14,484 shares of the company’s stock worth $299,000 after buying an additional 3,906 shares during the period.

First Trust Merger Arbitrage ETF Company Profile

(Get Free Report)

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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