First Trust Merger Arbitrage ETF Stock Price, News & Analysis
Company Description
First Trust Merger Arbitrage ETF (MARB) is an exchange-traded fund with shares listed on NYSE Arca. The fund is a series of First Trust Exchange-Traded Fund III and is identified in company materials under the First Trust Merger Arbitrage ETF name. Its public security represents an ETF interest rather than an operating business with products, factories, or commercial subsidiaries.
MARB operates within the First Trust ETF structure, where fund shares trade on an exchange and the fund reports both a daily closing price and a net asset value per share. The ETF format gives the fund a listed share class while the underlying portfolio and investment policies are administered through the fund's governing trust and fund documents.
First Trust Advisors L.P. has announced fund-level matters for MARB, including changes to investment strategies, name-related matters, ticker-related matters, and investment policy language. Those announcements relate to the administration and investment framework of the ETF. The fund's durable public-company identity is therefore centered on its exchange-traded fund structure, its NYSE Arca-listed shares, and its role as a series of First Trust Exchange-Traded Fund III.
Stock Performance
First Trust Merger Arbitrage ETF (MARB) stock last traded at $20.93. Over the past 12 months, the stock has gained 3.1%.
Latest News
First Trust Merger Arbitrage ETF has 4 recent news articles. Of the recent coverage, 3 articles coincided with positive price movement and 1 with negative movement. Key topics include acquisition. View all MARB news →
SEC Filings
Financial Highlights
Upcoming Events
Short Interest History
Short interest in First Trust Merger Arbitrage ETF (MARB) currently stands at 111 shares, down 70.3% from the previous reporting period, representing 0.0% of the float. Over the past 12 months, short interest has decreased by 89.8%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for First Trust Merger Arbitrage ETF (MARB) currently stands at 1.0 days. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed. The ratio has shown significant volatility over the period, ranging from 1.0 to 4.0 days.