AltShares Merger Arbitrage ETF (NYSEARCA:ARB) Plans $0.31 Dividend

AltShares Merger Arbitrage ETF (NYSEARCA:ARB) announced a dividend on Tuesday, December 17th,NASDAQ Dividends reports. Shareholders of record on Wednesday, December 18th will be given a dividend of 0.3092 per share on Thursday, December 19th. The ex-dividend date is Wednesday, December 18th.

AltShares Merger Arbitrage ETF Trading Down 1.4 %

Shares of NYSEARCA ARB traded down $0.39 during mid-day trading on Wednesday, reaching $27.39. The company had a trading volume of 21,761 shares, compared to its average volume of 15,557. The firm has a 50 day simple moving average of $27.87 and a two-hundred day simple moving average of $27.53. AltShares Merger Arbitrage ETF has a 52-week low of $25.81 and a 52-week high of $28.30. The stock has a market cap of $71.49 million, a P/E ratio of 17.48 and a beta of 0.08.

About AltShares Merger Arbitrage ETF

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.