First Trust Merger Arbitrage ETF (NYSEARCA:MARB) Sees Large Drop in Short Interest

First Trust Merger Arbitrage ETF (NYSEARCA:MARB) saw a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 6,212 shares, a decrease of 55.0% from the January 29th total of 13,795 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 26,760 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 26,760 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Investors Weigh In On First Trust Merger Arbitrage ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MARB. CreativeOne Wealth LLC raised its stake in First Trust Merger Arbitrage ETF by 2.9% in the fourth quarter. CreativeOne Wealth LLC now owns 21,235 shares of the company’s stock worth $438,000 after buying an additional 604 shares in the last quarter. Wedbush Securities Inc. boosted its position in First Trust Merger Arbitrage ETF by 4.5% during the 4th quarter. Wedbush Securities Inc. now owns 16,197 shares of the company’s stock valued at $334,000 after acquiring an additional 702 shares in the last quarter. Susquehanna International Group LLP grew its holdings in shares of First Trust Merger Arbitrage ETF by 2.0% during the 3rd quarter. Susquehanna International Group LLP now owns 36,685 shares of the company’s stock worth $745,000 after acquiring an additional 710 shares during the period. BCGM Wealth Management LLC raised its position in shares of First Trust Merger Arbitrage ETF by 1.9% in the 2nd quarter. BCGM Wealth Management LLC now owns 63,151 shares of the company’s stock worth $1,291,000 after acquiring an additional 1,190 shares in the last quarter. Finally, Private Trust Co. NA bought a new position in shares of First Trust Merger Arbitrage ETF in the 3rd quarter worth approximately $41,000.

First Trust Merger Arbitrage ETF Price Performance

First Trust Merger Arbitrage ETF stock traded down $0.01 during trading hours on Friday, reaching $20.70. The company had a trading volume of 5,489 shares, compared to its average volume of 20,802. First Trust Merger Arbitrage ETF has a 12-month low of $19.56 and a 12-month high of $22.33. The company has a 50-day moving average price of $20.68 and a 200 day moving average price of $20.61. The firm has a market cap of $39.33 million, a price-to-earnings 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.