First Trust Merger Arbitrage ETF (NYSEARCA:MARB) Short Interest Up 496.8% in January

First Trust Merger Arbitrage ETF (NYSEARCA:MARB) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 10,491 shares, an increase of 496.8% from the December 31st total of 1,758 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 14,158 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 14,158 shares, the short-interest ratio is presently 0.7 days. Currently, 0.6% of the company’s stock are short sold.

Institutional Investors Weigh In On First Trust Merger Arbitrage ETF

Several institutional investors have recently added to or reduced their stakes in the business. Simplicity Wealth LLC boosted its holdings in shares of 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 valued at $939,000 after buying an additional 24,026 shares in the last quarter. Coppell Advisory Solutions LLC raised its stake in First Trust Merger Arbitrage ETF by 36.4% during the 2nd quarter. Coppell Advisory Solutions LLC now owns 110,466 shares of the company’s stock worth $2,249,000 after acquiring an additional 29,464 shares in the last quarter. Assetmark Inc. lifted its position in First Trust Merger Arbitrage ETF by 15.9% in the second quarter. Assetmark Inc. now owns 93,082 shares of the company’s stock valued at $1,903,000 after acquiring an additional 12,741 shares during the last quarter. TFB Advisors LLC acquired a new position in First Trust Merger Arbitrage ETF in the second quarter valued at $207,000. Finally, RFG Advisory LLC purchased a new position in shares of First Trust Merger Arbitrage ETF during the second quarter worth about $327,000.

First Trust Merger Arbitrage ETF Stock Down 0.0%

First Trust Merger Arbitrage ETF stock traded down $0.01 during midday trading on Thursday, reaching $20.69. The company’s stock had a trading volume of 4,470 shares, compared to its average volume of 19,335. The company has a market cap of $38.28 million, a P/E ratio of 20.69 and a beta of 0.03. The business has a 50-day simple moving average of $20.67 and a 200-day simple moving average of $20.60. First Trust Merger Arbitrage ETF has a fifty-two week low of $19.49 and a fifty-two week high of $22.33.

First Trust Merger Arbitrage ETF Company Profile

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.