ProShares Merger ETF (BATS:MRGR – Get Free Report) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 1,251 shares, a decrease of 36.2% from the August 31st total of 1,961 shares. Based on an average trading volume of 1,537 shares, the short-interest ratio is presently 0.8 days. Approximately 0.5% of the shares of the company are short sold.
ProShares Merger ETF Stock Performance
ProShares Merger ETF stock opened at $45.04 on Friday. ProShares Merger ETF has a 52 week low of $43.06 and a 52 week high of $46.22. The firm has a market capitalization of $11.26 million, a PE ratio of 24.24 and a beta of 0.04. The business’s 50-day simple moving average is $45.35 and its 200-day simple moving average is $45.26.
Institutional Trading of ProShares Merger ETF
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC lifted its stake in ProShares Merger ETF by 11.6% during the first quarter. Kestra Advisory Services LLC now owns 5,319 shares of the company’s stock worth $240,000 after purchasing an additional 553 shares during the period. City Center Advisors LLC boosted its holdings in ProShares Merger ETF by 24.0% during the second quarter. City Center Advisors LLC now owns 7,541 shares of the company’s stock valued at $343,000 after purchasing an additional 1,460 shares in the last quarter. Syntegra Private Wealth Group LLC grew its stake in shares of ProShares Merger ETF by 52.9% in the 1st quarter. Syntegra Private Wealth Group LLC now owns 32,385 shares of the company’s stock valued at $1,460,000 after purchasing an additional 11,206 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of ProShares Merger ETF by 83.6% in the 1st quarter. Royal Bank of Canada now owns 38,550 shares of the company’s stock valued at $1,738,000 after purchasing an additional 17,558 shares during the period.
ProShares Merger ETF Company Profile
The ProShares Merger ETF (MRGR) is an exchange-traded fund that is based on the S&P Merger Arbitrage index. The fund tracks an index of developed-market equities involved in merger deals, with long exposure to target firms and short exposure to acquiring firms. The fund is net long and hedges FX risk. MRGR was launched on Dec 11, 2012 and is managed by ProShares.
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