Short Interest in First Trust Merger Arbitrage ETF (NYSEARCA:MARB) Rises By 31.5%

First Trust Merger Arbitrage ETF (NYSEARCA:MARB) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 13,795 shares, an increase of 31.5% from the January 15th total of 10,491 shares. Based on an average daily volume of 23,560 shares, the short-interest ratio is currently 0.6 days. Currently, 0.7% of the company’s shares are short sold. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 23,560 shares, the short-interest ratio is currently 0.6 days.

First Trust Merger Arbitrage ETF Trading Up 0.1%

Shares of NYSEARCA:MARB opened at $20.73 on Wednesday. The company has a market capitalization of $39.39 million, a price-to-earnings ratio of 20.69 and a beta of 0.03. First Trust Merger Arbitrage ETF has a 12-month low of $19.49 and a 12-month high of $22.33. The business has a 50-day moving average price of $20.67 and a 200 day moving average price of $20.61.

Institutional Investors Weigh In On First Trust Merger Arbitrage ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Assetmark Inc. lifted its holdings in shares of First Trust Merger Arbitrage ETF by 65.6% in the 4th quarter. Assetmark Inc. now owns 106,302 shares of the company’s stock worth $2,194,000 after acquiring an additional 42,126 shares during the last quarter. Citadel Advisors LLC acquired a new position in First Trust Merger Arbitrage ETF during the third quarter worth $832,000. Center For Asset Management LLC acquired a new position in First Trust Merger Arbitrage ETF during the fourth quarter worth $739,000. LPL Financial LLC boosted its position in shares of First Trust Merger Arbitrage ETF by 13.1% during the fourth quarter. LPL Financial LLC now owns 295,464 shares of the company’s stock worth $6,098,000 after buying an additional 34,208 shares during the period. Finally, Coppell Advisory Solutions LLC boosted its position in shares of First Trust Merger Arbitrage ETF by 36.4% during the second quarter. Coppell Advisory Solutions LLC now owns 110,466 shares of the company’s stock worth $2,249,000 after buying an additional 29,464 shares during the period.

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.