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

First Trust Merger Arbitrage ETF (NYSEARCA:MARBGet Free Report) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totaling 374 shares, a decline of 97.4% from the March 31st total of 14,114 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 21,748 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On First Trust Merger Arbitrage ETF

A number of institutional investors have recently bought and sold shares of MARB. Private Trust Co. NA purchased a new stake in First Trust Merger Arbitrage ETF in the third quarter valued at approximately $41,000. Allworth Financial LP purchased a new stake in First Trust Merger Arbitrage ETF in the fourth quarter valued at approximately $67,000. CIBC Private Wealth Group LLC purchased a new stake in First Trust Merger Arbitrage ETF in the third quarter valued at approximately $85,000. AE Wealth Management LLC purchased a new stake in First Trust Merger Arbitrage ETF in the third quarter valued at approximately $107,000. Finally, World Equity Group Inc. purchased a new stake in First Trust Merger Arbitrage ETF in the third quarter valued at approximately $298,000.

First Trust Merger Arbitrage ETF Trading Up 0.0%

Shares of NYSEARCA MARB traded up $0.01 during midday trading on Friday, reaching $20.85. 1,253 shares of the stock were exchanged, compared to its average volume of 23,878. The company has a market capitalization of $25.02 million, a P/E ratio of 20.69 and a beta of 0.03. First Trust Merger Arbitrage ETF has a 52-week low of $19.61 and a 52-week high of $22.33. The stock has a 50 day moving average price of $20.74 and a 200-day moving average price of $20.64.

First Trust Merger Arbitrage ETF Company Profile

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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.

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