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

First Trust Merger Arbitrage ETF (NYSEARCA:MARB) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 10,491 shares, a growth of 496.8% from the December 31st total of 1,758 shares. Currently, 0.6% of the shares of the company 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 shares of the company are short sold.

Institutional Trading of First Trust Merger Arbitrage ETF

A number of institutional investors have recently modified their holdings of the stock. Private Trust Co. NA acquired a new stake in shares of First Trust Merger Arbitrage ETF during the 3rd quarter worth $41,000. CIBC Private Wealth Group LLC bought a new stake in First Trust Merger Arbitrage ETF during the third quarter worth about $85,000. AE Wealth Management LLC acquired a new stake in First Trust Merger Arbitrage ETF during the third quarter worth about $107,000. TFB Advisors LLC acquired a new stake in First Trust Merger Arbitrage ETF during the second quarter worth about $207,000. Finally, World Equity Group Inc. bought a new position in First Trust Merger Arbitrage ETF in the 3rd quarter valued at about $298,000.

First Trust Merger Arbitrage ETF Trading Down 0.0%

Shares of MARB opened at $20.69 on Friday. First Trust Merger Arbitrage ETF has a 12 month low of $19.49 and a 12 month high of $22.33. The firm’s 50 day moving average is $20.67 and its 200-day moving average is $20.60. The stock has a market capitalization of $39.31 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.