AltShares Merger Arbitrage ETFAltShares Merger Arbitrage ETFAltShares Merger Arbitrage ETF

AltShares Merger Arbitrage ETF

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Key stats


Assets under management (AUM)
‪78.14 M‬USD
Fund flows (1Y)
‪2.04 M‬USD
Dividend yield (indicated)
Discount/Premium to NAV
0.5%

About AltShares Merger Arbitrage ETF


Issuer
Water Island Capital Partners LP
Brand
Altshares
Expense ratio
0.84%
Inception date
May 7, 2020
Index tracked
Water Island Merger Arbitrage USD Hedged Index
Management style
Passive
ARB is the first ETF by AltShares Trust and the first merger arbitrage fund that hedges foreign currency exposure. The fund is passively managed to invest in a developed market index of all-cap equities, focused on publicly-announced stock-for-stock mergers or acquisitions. The fund takes long positions on 30-50 takeover targets, while shorting the acquiring firms to hedge the acquirers stock price decline. The index rebalances and reconstitutes twice a month. ARB hedges its FX risks against the USD using forward currency or futures contracts. The fund may also hold positions in cash when the number of takeover targets are not met or when deals are consummated.

Classification


Asset Class
Alternatives
Category
Hedge fund strategies
Focus
Long/short
Niche
Merger arbitrage
Strategy
Multi-factor
Weighting scheme
Multi-factor
Selection criteria
Multi-factor
What's in the fund
Exposure type
StocksBonds, Cash & Other
Technology Services
Cash
Stocks80.13%
Technology Services20.79%
Utilities7.74%
Finance7.49%
Health Technology5.99%
Non-Energy Minerals5.94%
Consumer Non-Durables5.37%
Commercial Services3.05%
Communications2.97%
Producer Manufacturing2.96%
Consumer Services2.92%
Process Industries2.14%
Distribution Services1.77%
Transportation1.75%
Electronic Technology1.55%
Energy Minerals1.07%
Bonds, Cash & Other19.87%
Cash28.89%
Temporary1.22%
Miscellaneous−10.24%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Neutral
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Neutral
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Summary
Neutral
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Moving Averages
Neutral
SellBuy
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Moving Averages
Neutral
SellBuy
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Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.