AltShares Merger Arbitrage ETF (NYSEARCA:ARB) Shares Sold by Jane Street Group LLC

Jane Street Group LLC cut its holdings in shares of AltShares Merger Arbitrage ETF (NYSEARCA:ARB) by 96.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,042 shares of the company’s stock after selling 207,772 shares during the quarter. Jane Street Group LLC owned 0.31% of AltShares Merger Arbitrage ETF worth $223,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ARB. Dynamic Advisor Solutions LLC acquired a new position in shares of AltShares Merger Arbitrage ETF in the 3rd quarter valued at about $303,000. Cantor Fitzgerald Investment Advisors L.P. raised its position in AltShares Merger Arbitrage ETF by 20.9% during the third quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 538,582 shares of the company’s stock valued at $14,929,000 after acquiring an additional 93,043 shares in the last quarter. Diversify Advisory Services LLC lifted its holdings in AltShares Merger Arbitrage ETF by 3.7% in the third quarter. Diversify Advisory Services LLC now owns 63,026 shares of the company’s stock valued at $1,759,000 after acquiring an additional 2,239 shares during the period. Atria Investments Inc boosted its position in AltShares Merger Arbitrage ETF by 5.1% in the 3rd quarter. Atria Investments Inc now owns 30,045 shares of the company’s stock worth $833,000 after purchasing an additional 1,461 shares in the last quarter. Finally, Harbour Investments Inc. grew its stake in shares of AltShares Merger Arbitrage ETF by 28.9% during the 3rd quarter. Harbour Investments Inc. now owns 99,492 shares of the company’s stock worth $2,758,000 after purchasing an additional 22,296 shares during the period.

AltShares Merger Arbitrage ETF Price Performance

AltShares Merger Arbitrage ETF stock opened at $27.76 on Monday. The stock has a market capitalization of $72.45 million, a PE ratio of 17.48 and a beta of 0.08. The business has a 50 day simple moving average of $27.75 and a 200-day simple moving average of $27.62. AltShares Merger Arbitrage ETF has a 12 month low of $25.81 and a 12 month high of $28.30.

AltShares Merger Arbitrage ETF Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, December 19th. Investors of record on Wednesday, December 18th were paid a $0.3092 dividend. The ex-dividend date was Wednesday, December 18th.

AltShares Merger Arbitrage ETF Profile

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.