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

First Trust Merger Arbitrage ETF (NYSEARCA:MARB) saw a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 21,523 shares, a growth of 246.5% from the February 12th total of 6,212 shares. Currently, 1.1% of the company’s shares are short sold. Based on an average trading volume of 18,750 shares, the days-to-cover ratio is presently 1.1 days. Based on an average trading volume of 18,750 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.1% of the company’s shares are short sold.

Hedge Funds Weigh In On First Trust Merger Arbitrage ETF

A number of hedge funds have recently modified their holdings of MARB. LPL Financial LLC raised its stake 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 valued at $6,098,000 after acquiring an additional 34,208 shares during the last quarter. Coppell Advisory Solutions LLC lifted its holdings in First Trust Merger Arbitrage ETF by 36.4% in the 2nd 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. Assetmark Inc. grew its position 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 buying an additional 42,126 shares during the last quarter. First Trust Advisors LP increased its stake in shares of First Trust Merger Arbitrage ETF by 26.0% during the fourth quarter. First Trust Advisors LP now owns 80,930 shares of the company’s stock valued at $1,670,000 after buying an additional 16,721 shares during the period. Finally, BCGM Wealth Management LLC lifted its stake in First Trust Merger Arbitrage ETF by 1.8% in the fourth quarter. BCGM Wealth Management LLC now owns 68,580 shares of the company’s stock worth $1,415,000 after acquiring an additional 1,237 shares during the period.

First Trust Merger Arbitrage ETF Price Performance

Shares of NYSEARCA:MARB remained flat at $20.68 during trading on Wednesday. The stock had a trading volume of 5,562 shares, compared to its average volume of 18,599. First Trust Merger Arbitrage ETF has a 52-week low of $19.56 and a 52-week high of $22.33. The stock has a market capitalization of $39.29 million, a price-to-earnings ratio of 20.69 and a beta of 0.03. The firm’s 50-day simple moving average is $20.70 and its two-hundred day simple moving average is $20.61.

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.