ProShares Merger ETF (BATS:MRGR) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its stake in ProShares Merger ETF (BATS:MRGR) by 62.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,686 shares of the company’s stock after selling 12,739 shares during the period. Jane Street Group LLC owned 3.07% of ProShares Merger ETF worth $315,000 as of its most recent SEC filing.

Separately, Syntegra Private Wealth Group LLC raised its position in shares of ProShares Merger ETF by 134.2% during the fourth quarter. Syntegra Private Wealth Group LLC now owns 46,698 shares of the company’s stock worth $1,915,000 after purchasing an additional 26,761 shares during the period.

ProShares Merger ETF Price Performance

Shares of MRGR opened at $41.93 on Tuesday. The business’s 50-day moving average is $41.64 and its 200-day moving average is $41.69. The company has a market capitalization of $10.48 million, a price-to-earnings ratio of 24.24 and a beta of 0.04. ProShares Merger ETF has a fifty-two week low of $39.76 and a fifty-two week high of $45.62.

ProShares Merger ETF 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.