AltShares Merger Arbitrage ETF (ARB) Price, Holdings, & News

ETF Overview

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.

Key Stats

• Today's Range: $27.27 to $27.42
• 50-Day Range: $27.27 to $28.14
• 52-Week Range: $25.81 to $28.30
• Volume: 66,843 shs
• Average Volume: 15,832 shs
• Market Capitalization: $71.17 million
• Assets Under Management: $79.51 million
• Dividend Yield: 3.96%
• Net Expense Ratio: 0.77%
• Aggregate Rating: Hold

ARB ETF - Frequently Asked Questions

How have ARB shares performed this year?

AltShares Merger Arbitrage ETF's stock was trading at $26.75 at the start of the year. Since then, ARB stock has increased by 1.9% and is now trading at $27.27.
View the best growth stocks for 2024 here.

Who are AltShares Merger Arbitrage ETF's major shareholders?

Top institutional shareholders of AltShares Merger Arbitrage ETF include Cantor Fitzgerald Investment Advisors L.P. (20.64%), Orion Portfolio Solutions LLC (6.59%), Legend Financial Advisors Inc. (6.03%) and Harbour Investments Inc. (3.81%).
View institutional ownership trends.

How do I buy shares of AltShares Merger Arbitrage ETF?

Shares of ARB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of AltShares Merger Arbitrage ETF own?

Based on aggregate information from My MarketBeat watchlists, some other companies that AltShares Merger Arbitrage ETF investors own include Grayscale Bitcoin Mini Trust (BTC), Meta Platforms (META), iShares Core MSCI EAFE ETF (IEFA), iShares Core Total USD Bond Market ETF (IUSB), Vanguard Total Stock Market ETF (VTI), Vanguard FTSE Emerging Markets ETF (VWO) and Emeren Group (SOL).

Fund Details

• Issuer: Water Island Capital
• Fund Name: AltShares Merger Arbitrage ETF
• Tax Classification: Regulated Investment Company
• Stock Exchange: NYSEARCA
• Current Symbol: NYSEARCA:ARB
• Inception Date: 5/7/2020
• Fund Manager: John Orrico, Eric Becker, Christopher Plunkett
• Web: N/A
• Phone: N/A

Fund Focus

• Asset Class: Multi Asset
• Benchmark: N/A
• Category: Long/Short
• Focus: Absolute Returns
• Development Level: Developed Markets
• Region: Global
• Number of Holdings: 167

Fund Statistics

• Assets Under Management: $79.51 million
• Average Daily Volume: $0.00
• Discount/Premium: 0.01%

Administrator, Advisor and Custodian

• Administrator: State Street Bank and Trust Company
• Advisor: State Street Bank and Trust Company
• Custodian: State Street Bank and Trust Company
• Distributor: Foreside Fund Services, LLC
• Transfer Agent: State Street Bank and Trust Company
• Trustee: N/A
• Lead Market Maker: GTS

Options

• Optionable: N/A
• Short Interest: 40,500 shs

Miscellaneous

• Outstanding Shares: 2,610,000
• Beta: 0.08
• Creation Unit: 50,000
• Creation Fee: $250.00