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

First Trust Merger Arbitrage ETF (NYSEARCA:MARB) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 111 shares, a decrease of 70.3% from the April 15th total of 374 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 4,970 shares, the short-interest ratio is currently 0.0 days.

First Trust Merger Arbitrage ETF Stock Down 0.1%

Shares of First Trust Merger Arbitrage ETF stock opened at $20.82 on Wednesday. First Trust Merger Arbitrage ETF has a 12-month low of $19.75 and a 12-month high of $22.33. The stock has a 50 day moving average price of $20.77 and a two-hundred day moving average price of $20.69. The stock has a market capitalization of $24.98 million, a P/E ratio of 20.69 and a beta of 0.03.

Institutional Investors Weigh In On First Trust Merger Arbitrage ETF

Several hedge funds have recently modified their holdings of MARB. Osaic Holdings Inc. grew its position in First Trust Merger Arbitrage ETF by 19.3% in the 2nd quarter. Osaic Holdings Inc. now owns 18,209 shares of the company’s stock worth $371,000 after purchasing an additional 2,948 shares during the last quarter. AE Wealth Management LLC bought a new stake in First Trust Merger Arbitrage ETF in the 3rd quarter valued at $107,000. RFG Advisory LLC raised its stake in shares of First Trust Merger Arbitrage ETF by 54.0% in the 3rd quarter. RFG Advisory LLC now owns 24,668 shares of the company’s stock valued at $501,000 after buying an additional 8,654 shares in the last quarter. BCGM Wealth Management LLC lifted its holdings in shares of First Trust Merger Arbitrage ETF by 6.6% during the 3rd quarter. BCGM Wealth Management LLC now owns 67,343 shares of the company’s stock worth $1,367,000 after acquiring an additional 4,192 shares during the period. Finally, Citadel Advisors LLC bought a new position in shares of First Trust Merger Arbitrage ETF during the 3rd quarter worth about $832,000.

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.