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

First Trust Merger Arbitrage ETF (NYSEARCA:MARB) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 111 shares, a decline of 70.3% from the April 15th total of 374 shares. Based on an average daily volume of 4,970 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

First Trust Merger Arbitrage ETF Stock Down 0.1%

Shares of MARB opened at $20.82 on Wednesday. The firm has a 50-day moving average price of $20.77 and a 200 day moving average price of $20.69. The firm has a market capitalization of $24.98 million, a PE ratio of 20.69 and a beta of 0.03. First Trust Merger Arbitrage ETF has a 52-week low of $19.75 and a 52-week high of $22.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MARB. CreativeOne Wealth LLC grew its holdings in First Trust Merger Arbitrage ETF by 2.9% during the fourth quarter. CreativeOne Wealth LLC now owns 21,235 shares of the company’s stock worth $438,000 after acquiring an additional 604 shares during the period. Wedbush Securities Inc. lifted its holdings in First Trust Merger Arbitrage ETF by 4.5% in 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 during the last quarter. Susquehanna International Group LLP boosted its position 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 valued at $745,000 after purchasing an additional 710 shares in the last quarter. World Equity Group Inc. boosted its position in shares of First Trust Merger Arbitrage ETF by 6.2% during the 1st quarter. World Equity Group Inc. now owns 15,773 shares of the company’s stock valued at $327,000 after purchasing an additional 915 shares in the last quarter. Finally, Ascentis Independent Advisors acquired a new position in shares of First Trust Merger Arbitrage ETF in the 1st quarter worth approximately $26,000.

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.