First Trust Merger Arbitrage ETF (NYSEARCA:MARB) Short Interest Up 31.5% in January

First Trust Merger Arbitrage ETF (NYSEARCA:MARB) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 13,795 shares, an increase of 31.5% from the January 15th total of 10,491 shares. Based on an average daily volume of 23,560 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.7% of the company’s stock are sold short. Approximately 0.7% of the company’s stock are sold short. Based on an average daily volume of 23,560 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On First Trust Merger Arbitrage ETF

A number of large investors have recently modified their holdings of the company. Assetmark Inc. lifted its position in shares of First Trust Merger Arbitrage ETF by 65.6% during 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 during the last quarter. Citadel Advisors LLC acquired a new stake in First Trust Merger Arbitrage ETF in the third quarter valued at $832,000. Center For Asset Management LLC purchased a new stake in First Trust Merger Arbitrage ETF during the 4th quarter worth about $739,000. LPL Financial LLC boosted its holdings in First Trust Merger Arbitrage ETF by 13.1% in the fourth quarter. LPL Financial LLC now owns 295,464 shares of the company’s stock valued at $6,098,000 after purchasing an additional 34,208 shares in the last quarter. Finally, Coppell Advisory Solutions LLC boosted its holdings in First Trust Merger Arbitrage ETF by 36.4% in the second quarter. Coppell Advisory Solutions LLC now owns 110,466 shares of the company’s stock valued at $2,249,000 after purchasing an additional 29,464 shares in the last quarter.

First Trust Merger Arbitrage ETF Stock Performance

Shares of First Trust Merger Arbitrage ETF stock opened at $20.71 on Monday. The business has a 50-day simple moving average of $20.67 and a 200-day simple moving average of $20.61. First Trust Merger Arbitrage ETF has a one year low of $19.49 and a one year high of $22.33. The company has a market cap of $39.35 million, a PE ratio of 20.69 and a beta of 0.03.

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.