First Trust Merger Arbitrage ETF (NYSEARCA:MARB) Short Interest Update

First Trust Merger Arbitrage ETF (NYSEARCA:MARB) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 56 shares, a drop of 49.5% from the April 30th total of 111 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 23,598 shares, the short-interest ratio is currently 0.0 days.

First Trust Merger Arbitrage ETF Stock Performance

MARB stock remained flat at $20.89 during trading on Monday. 296 shares of the company were exchanged, compared to its average volume of 21,028. The business has a fifty day simple moving average of $20.81 and a 200-day simple moving average of $20.73. The firm has a market cap of $25.07 million, a P/E ratio of 20.69 and a beta of 0.03. First Trust Merger Arbitrage ETF has a one year low of $19.75 and a one year high of $22.33.

Institutional Trading of First Trust Merger Arbitrage ETF

A number of institutional investors have recently bought and sold shares of MARB. Assetmark Inc. boosted its stake in First Trust Merger Arbitrage ETF by 65.6% in the 4th quarter. Assetmark Inc. now owns 106,302 shares of the company’s stock worth $2,194,000 after purchasing an additional 42,126 shares in the last quarter. Citadel Advisors LLC acquired a new stake in First Trust Merger Arbitrage ETF during the 3rd quarter valued at approximately $832,000. Center For Asset Management LLC acquired a new stake in First Trust Merger Arbitrage ETF during the 4th quarter valued at approximately $739,000. LPL Financial LLC lifted its stake in First Trust Merger Arbitrage ETF by 13.1% during the 4th quarter. LPL Financial LLC now owns 295,464 shares of the company’s stock valued at $6,098,000 after acquiring an additional 34,208 shares during the period. Finally, RFG Advisory LLC lifted its stake in First Trust Merger Arbitrage ETF by 74.8% during the 1st quarter. RFG Advisory LLC now owns 52,285 shares of the company’s stock valued at $1,082,000 after acquiring an additional 22,378 shares during the period.

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.