Short Interest in First Trust Merger Arbitrage ETF (NYSEARCA:MARB) Declines By 88.9%

by · The Cerbat Gem

First Trust Merger Arbitrage ETF (NYSEARCA:MARB – Get Free Report) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 2,761 shares, a decline of 88.9% from the November 30th total of 24,984 shares. Based on an average daily volume of 6,609 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are short sold. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 6,609 shares, the days-to-cover ratio is currently 0.4 days.

First Trust Merger Arbitrage ETF Stock Up 0.1%

Shares of First Trust Merger Arbitrage ETF stock traded up $0.02 on Friday, hitting $20.63. The stock had a trading volume of 5,237 shares, compared to its average volume of 10,466. First Trust Merger Arbitrage ETF has a one year low of $19.49 and a one year high of $22.33. The stock’s 50-day simple moving average is $20.58 and its two-hundred day simple moving average is $20.55. The stock has a market cap of $34.04 million, a price-to-earnings ratio of 20.69 and a beta of 0.03.

Hedge Funds Weigh In On First Trust Merger Arbitrage ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Coppell Advisory Solutions LLC boosted its holdings in shares of First Trust Merger Arbitrage ETF by 1,148.5% during the first quarter. Coppell Advisory Solutions LLC now owns 81,002 shares of the company’s stock worth $1,625,000 after purchasing an additional 74,514 shares during the period. Citadel Advisors LLC purchased a new stake in First Trust Merger Arbitrage ETF in the 3rd quarter worth approximately $832,000. Simplicity Wealth LLC lifted its holdings in First Trust Merger Arbitrage ETF by 109.7% in the 2nd quarter. Simplicity Wealth LLC now owns 45,920 shares of the company’s stock worth $939,000 after buying an additional 24,026 shares during the period. RFG Advisory LLC bought a new stake in shares of First Trust Merger Arbitrage ETF in the 2nd quarter worth approximately $327,000. Finally, World Equity Group Inc. purchased a new position in shares of First Trust Merger Arbitrage ETF during the third quarter valued at approximately $298,000.

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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