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

First Trust Merger Arbitrage ETF (NYSEARCA:MARB) saw a significant growth in short interest during 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. Based on an average daily 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 sold short. Currently, 1.1% of the company’s shares are sold short. Based on an average daily trading volume, of 18,750 shares, the days-to-cover ratio is presently 1.1 days.

First Trust Merger Arbitrage ETF Stock Down 0.0%

Shares of MARB traded down $0.01 during trading on Thursday, reaching $20.72. 7,602 shares of the company traded hands, compared to its average volume of 18,383. First Trust Merger Arbitrage ETF has a twelve month low of $19.56 and a twelve month high of $22.33. The stock has a market cap of $39.37 million, a PE ratio of 20.69 and a beta of 0.03. The stock has a 50-day simple moving average of $20.70 and a 200-day simple moving average of $20.61.

Institutional Trading of First Trust Merger Arbitrage ETF

Institutional investors have recently added to or reduced their stakes in the stock. Assetmark Inc. raised its position in First Trust Merger Arbitrage ETF by 65.6% in the fourth quarter. Assetmark Inc. now owns 106,302 shares of the company’s stock valued at $2,194,000 after purchasing an additional 42,126 shares during the period. Citadel Advisors LLC purchased a new position in shares of First Trust Merger Arbitrage ETF during the third quarter worth $832,000. Center For Asset Management LLC acquired a new stake in shares of First Trust Merger Arbitrage ETF in the fourth quarter valued at $739,000. LPL Financial LLC grew its stake in shares of First Trust Merger Arbitrage ETF by 13.1% in the fourth quarter. LPL Financial LLC now owns 295,464 shares of the company’s stock valued at $6,098,000 after buying an additional 34,208 shares in the last quarter. Finally, Coppell Advisory Solutions LLC raised its holdings in shares of 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 valued at $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.