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 during the month of June. As of June 15th, there was short interest totaling 101 shares, a growth of ∞ from the May 31st total of 0 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 2,031 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MARB. Center For Asset Management LLC purchased a new stake in shares of First Trust Merger Arbitrage ETF in the fourth quarter worth approximately $739,000. Assetmark Inc. lifted its stake 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 acquiring an additional 42,126 shares during the last quarter. Spire Wealth Management purchased a new position in First Trust Merger Arbitrage ETF during the 4th quarter valued at $310,000. BCGM Wealth Management LLC boosted its holdings in First Trust Merger Arbitrage ETF by 1.8% during the 4th quarter. BCGM Wealth Management LLC now owns 68,580 shares of the company’s stock valued at $1,415,000 after acquiring an additional 1,237 shares during the period. Finally, Cassaday & Co Wealth Management LLC bought a new position in First Trust Merger Arbitrage ETF in the 1st quarter valued at $78,000.

First Trust Merger Arbitrage ETF Stock Performance

MARB stock opened at $21.00 on Wednesday. The stock has a market cap of $25.21 million, a PE ratio of 20.69 and a beta of 0.03. First Trust Merger Arbitrage ETF has a 12 month low of $19.75 and a 12 month high of $22.89. The company has a 50-day moving average price of $20.89 and a 200 day moving average price of $20.77.

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.