First Trust Merger Arbitrage ETF (NYSEARCA:MARB) Short Interest Up 27.6% in March

First Trust Merger Arbitrage ETF (NYSEARCA:MARB) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 14,114 shares, an increase of 27.6% from the March 15th total of 11,065 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average trading volume of 59,976 shares, the days-to-cover ratio is currently 0.2 days.

First Trust Merger Arbitrage ETF Trading Up 0.0%

Shares of NYSEARCA:MARB opened at $20.83 on Thursday. The stock has a 50 day moving average of $20.72 and a 200 day moving average of $20.61. The company has a market cap of $27.08 million, a PE ratio of 20.69 and a beta of 0.03. First Trust Merger Arbitrage ETF has a 12-month low of $19.61 and a 12-month high of $22.33.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MARB. Private Trust Co. NA bought a new position in shares of First Trust Merger Arbitrage ETF during the 3rd quarter valued at approximately $41,000. Allworth Financial LP bought a new position in First Trust Merger Arbitrage ETF in the 4th quarter worth approximately $67,000. CIBC Private Wealth Group LLC bought a new position in First Trust Merger Arbitrage ETF in the 3rd quarter worth approximately $85,000. AE Wealth Management LLC bought a new position in First Trust Merger Arbitrage ETF in the 3rd quarter worth approximately $107,000. Finally, World Equity Group Inc. bought a new position in First Trust Merger Arbitrage ETF in the 3rd quarter worth approximately $298,000.

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.