Short Interest in First Trust Merger Arbitrage ETF (NYSEARCA:MARB) Decreases By 36.3%

First Trust Merger Arbitrage ETF (NYSEARCA:MARB) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 1,758 shares, a decline of 36.3% from the December 15th total of 2,761 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 8,672 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 8,672 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On First Trust Merger Arbitrage ETF

Institutional investors have recently bought and sold shares of the stock. Spire Wealth Management bought a new stake in shares of First Trust Merger Arbitrage ETF during the 4th quarter worth about $310,000. BCGM Wealth Management LLC lifted its holdings in First Trust Merger Arbitrage ETF by 1.8% in the 4th quarter. BCGM Wealth Management LLC now owns 68,580 shares of the company’s stock worth $1,415,000 after purchasing an additional 1,237 shares during the last quarter. CIBC Private Wealth Group LLC bought a new stake in First Trust Merger Arbitrage ETF during the third quarter worth approximately $85,000. Susquehanna International Group LLP grew its holdings in First Trust Merger Arbitrage ETF by 2.0% during the third 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 during the last quarter. Finally, Citadel Advisors LLC acquired a new position in First Trust Merger Arbitrage ETF during the third quarter valued at approximately $832,000.

First Trust Merger Arbitrage ETF Price Performance

MARB traded down $0.03 during midday trading on Friday, hitting $20.68. 131,572 shares of the company’s stock traded hands, compared to its average volume of 24,779. The company has a market cap of $36.19 million, a PE ratio of 20.69 and a beta of 0.03. The stock’s fifty day simple moving average is $20.66 and its 200-day simple moving average is $20.59. First Trust Merger Arbitrage ETF has a one year low of $19.49 and a one year high of $22.33.

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.