AltShares Merger Arbitrage ETF (ARB) to Issue Dividend of $0.31 on December 19th

AltShares Merger Arbitrage ETF (NYSEARCA:ARB) announced a dividend on Tuesday, December 17th,NASDAQ Dividends reports. Stockholders of record on Wednesday, December 18th will be given a dividend of 0.3092 per share on Thursday, December 19th. The ex-dividend date of this dividend is Wednesday, December 18th.

AltShares Merger Arbitrage ETF Trading Down 1.4 %

Shares of ARB opened at $27.39 on Thursday. The stock has a market capitalization of $71.49 million, a price-to-earnings ratio of 17.48 and a beta of 0.08. AltShares Merger Arbitrage ETF has a 12 month low of $25.81 and a 12 month high of $28.30. The firm has a fifty day simple moving average of $27.86 and a 200 day simple moving average of $27.53.

About AltShares Merger Arbitrage ETF

The AltShares Merger Arbitrage ETF (ARB) is an exchange-traded fund that mostly invests in long\u002Fshort alternatives. The fund tracks a global USD-hedged index that uses a merger arbitrage strategy by providing long exposure to takeover targets and short exposure the acquiring company. ARB was launched on May 7, 2020 and is managed by Altshares.