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

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

AltShares Merger Arbitrage ETF Stock Performance

ARB traded down $0.39 on Wednesday, hitting $27.39. 21,761 shares of the company were exchanged, compared to its average volume of 15,557. AltShares Merger Arbitrage ETF has a fifty-two week low of $25.81 and a fifty-two week high of $28.30. The firm has a market capitalization of $71.49 million, a P/E ratio of 17.48 and a beta of 0.08. The business’s fifty day moving average is $27.87 and its 200 day moving average is $27.53.

AltShares Merger Arbitrage ETF Company 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.