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AltShares Trust - AltShares Merger Arbitrage ETF (ARB)
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Upturn Advisory Summary
06/20/2025: ARB (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $0
1 Year Target Price $0
| 0 | Strong Buy |
| 0 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type ETF | Historic Profit 7.03% | Avg. Invested days 80 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  5.0 | ETF Returns Performance  2.0 |
| Profits based on simulation | Last Close 06/20/2025 |
Key Highlights
Volume (30-day avg) - | Beta 0.05 | 52 Weeks Range 26.58 - 28.75 | Updated Date 06/30/2025 |
52 Weeks Range 26.58 - 28.75 | Updated Date 06/30/2025 |
Upturn AI SWOT
AltShares Trust - AltShares Merger Arbitrage ETF
ETF Overview
Overview
The AltShares Merger Arbitrage ETF (ARB) seeks to profit from the successful completion of corporate mergers, acquisitions, and other corporate reorganizations. It invests in companies that are the targets of these transactions, aiming to capture the spread between the current price of the target company's stock and the anticipated deal price. The ETF offers investors access to a strategy that is typically uncorrelated with traditional asset classes.
Reputation and Reliability
The ETF issuer is AltShares. Their reputation is limited since ARB is their only ETF.
Management Expertise
The management team possesses expertise in analyzing and investing in companies undergoing corporate transactions.
Investment Objective
Goal
To achieve capital appreciation by investing in companies subject to merger arbitrage opportunities.
Investment Approach and Strategy
Strategy: The ETF employs a merger arbitrage strategy, investing in companies that are targets of mergers and acquisitions.
Composition The ETF primarily holds common stocks of companies involved in mergers and acquisitions.
Market Position
Market Share: ARB's market share within the merger arbitrage ETF sector is not the largest, as the merger arbitrage ETF universe is very small.
Total Net Assets (AUM): 17429896
Competitors
Key Competitors
- IQ Merger Arbitrage ETF (MNA)
Competitive Landscape
The merger arbitrage ETF market is relatively concentrated, with a few key players dominating the landscape. ARB's advantage lies in its focused approach, while a disadvantage may be its smaller size compared to competitors like MNA.
Financial Performance
Historical Performance: Historical performance data is readily available. Please consult financial resources for specific returns over different time periods.
Benchmark Comparison: Performance should be compared to a merger arbitrage benchmark to assess effectiveness.
Expense Ratio: 0.75
Liquidity
Average Trading Volume
The ETF's liquidity is considered to be low based on the average trading volume.
Bid-Ask Spread
The bid-ask spread might fluctuate, potentially impacting transaction costs, especially for larger trades.
Market Dynamics
Market Environment Factors
Economic conditions, interest rates, regulatory changes, and the overall M&A environment impact ARB's performance.
Growth Trajectory
The ETF's growth is tied to the volume and success rate of mergers and acquisitions.
Moat and Competitive Advantages
Competitive Edge
ARB's focused investment strategy targeting merger arbitrage opportunities provides a potential advantage. Its active management aims to identify deals with a high probability of completion. This approach offers diversification from traditional asset classes and the potential to generate returns regardless of the broader market direction. The ETF's success is contingent on the expertise of its management team in navigating the complexities of M&A transactions.
Risk Analysis
Volatility
ARB's volatility is influenced by the uncertainty surrounding deal completions. Deals falling apart can result in losses.
Market Risk
Risks include deal failure, regulatory hurdles, and changes in market sentiment affecting deal valuations.
Investor Profile
Ideal Investor Profile
The ideal investor is someone seeking alternative investment strategies, low correlation to traditional markets, and has a tolerance for deal-specific risks.
Market Risk
ARB is more suitable for sophisticated investors who understand merger arbitrage and can accept potential losses due to deal failures.
Summary
The AltShares Merger Arbitrage ETF (ARB) offers a unique investment strategy focused on capturing the spread between the current price and the anticipated deal price of companies being acquired. Its performance is tied to the success rate of mergers and acquisitions. ARB's smaller size compared to its competitor MNA, combined with a low trading volume makes it more difficult for quick exits. The ideal investor understands the risks associated with merger arbitrage and seeks diversification from traditional asset classes. The ETF has a fairly high expense ratio of 0.75%.
Peer Comparison
Sources and Disclaimers
Data Sources:
- AltShares website
- ETF.com
- Bloomberg
- Morningstar
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About AltShares Trust - AltShares Merger Arbitrage ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund seeks to track the performance of the index, which is designed to reflect a global merger arbitrage strategy. Under normal market conditions, it will invest at least 80% of its net assets (including borrowings for investment purposes) in the constituents of the index and in financial instruments with economic characteristics similar to such constituents such as swaps on such constituents. The fund is non-diversified.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.