First Trust Merger Arbitrage ETF (NYSEARCA:MARB) Short Interest Up 31.5% in January

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

First Trust Merger Arbitrage ETF Stock Performance

Shares of NYSEARCA:MARB opened at $20.71 on Monday. The firm’s 50 day simple moving average is $20.67 and its 200-day simple moving average is $20.61. First Trust Merger Arbitrage ETF has a one year low of $19.49 and a one year high of $22.33. The firm has a market cap of $39.35 million, a PE ratio of 20.69 and a beta of 0.03.

Hedge Funds Weigh In On First Trust Merger Arbitrage ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Private Trust Co. NA bought a new stake in shares of First Trust Merger Arbitrage ETF in the third quarter valued at about $41,000. Allworth Financial LP purchased a new position in First Trust Merger Arbitrage ETF during the 4th quarter valued at about $67,000. CIBC Private Wealth Group LLC bought a new stake in shares of First Trust Merger Arbitrage ETF in the 3rd quarter valued at about $85,000. AE Wealth Management LLC purchased a new stake in shares of First Trust Merger Arbitrage ETF in the 3rd quarter worth approximately $107,000. Finally, TFB Advisors LLC purchased a new stake in shares of First Trust Merger Arbitrage ETF in the 2nd quarter worth approximately $207,000.

About First Trust Merger Arbitrage ETF

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.