AltShares Merger Arbitrage ETF (NYSEARCA:ARB) Short Interest Update

AltShares Merger Arbitrage ETF (NYSEARCA:ARB) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totaling 15,009 shares, a decline of 70.9% from the April 30th total of 51,559 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 21,421 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of AltShares Merger Arbitrage ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cantor Fitzgerald Investment Advisors L.P. increased its holdings in AltShares Merger Arbitrage ETF by 1.7% during the 4th quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 589,523 shares of the company’s stock worth $17,137,000 after purchasing an additional 9,787 shares in the last quarter. New York Life Investment Management LLC grew its holdings in shares of AltShares Merger Arbitrage ETF by 2.8% in the fourth quarter. New York Life Investment Management LLC now owns 371,772 shares of the company’s stock valued at $10,807,000 after acquiring an additional 10,118 shares in the last quarter. Assetmark Inc. grew its holdings in shares of AltShares Merger Arbitrage ETF by 1,131.1% in the fourth quarter. Assetmark Inc. now owns 267,701 shares of the company’s stock valued at $7,782,000 after acquiring an additional 245,956 shares in the last quarter. Orion Porfolio Solutions LLC grew its holdings in shares of AltShares Merger Arbitrage ETF by 1.5% in the fourth quarter. Orion Porfolio Solutions LLC now owns 185,153 shares of the company’s stock valued at $5,382,000 after acquiring an additional 2,760 shares in the last quarter. Finally, Legend Financial Advisors Inc. grew its holdings in shares of AltShares Merger Arbitrage ETF by 2.8% in the fourth quarter. Legend Financial Advisors Inc. now owns 179,800 shares of the company’s stock valued at $5,227,000 after acquiring an additional 4,813 shares in the last quarter. 94.63% of the stock is owned by institutional investors.

AltShares Merger Arbitrage ETF Stock Performance

Shares of ARB opened at $29.57 on Friday. The stock has a 50 day moving average price of $29.43 and a two-hundred day moving average price of $29.21. The firm has a market capitalization of $99.95 million, a P/E ratio of 15.16 and a beta of 0.05. AltShares Merger Arbitrage ETF has a 52 week low of $27.55 and a 52 week high of $30.26.

AltShares Merger Arbitrage ETF Company Profile

The AltShares Merger Arbitrage ETF (ARB) is an exchange-traded fund that mostly invests in long\u002Fshort alternatives. The fund tracks a global USD-hedged index that uses a merger arbitrage strategy by providing long exposure to takeover targets and short exposure the acquiring company. ARB was launched on May 7, 2020 and is managed by Altshares.