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Upturn AI SWOT - About
AltShares Trust - AltShares Merger Arbitrage ETF (ARB)
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Upturn Advisory Summary
09/16/2025: 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.
Analysis of Past Performance
Type ETF | Historic Profit 9.57% | Avg. Invested days 92 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  5.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 09/16/2025 |
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) sought to generate absolute returns by investing in companies involved in publicly announced mergers, acquisitions, and similar transactions. The fund aimed to capture the spread between the current trading price of the target company and the expected deal price. It is now liquidated.
Reputation and Reliability
AltShares was a relatively new and smaller ETF issuer. Their reputation was still being established.
Management Expertise
The management team's expertise was focused on alternative investment strategies.
Investment Objective
Goal
To achieve capital appreciation by investing in merger arbitrage opportunities.
Investment Approach and Strategy
Strategy: ARB used a merger arbitrage strategy, aiming to profit from the difference between the target company's price and the acquisition price.
Composition The ETF held stocks of companies targeted for acquisition, with allocations based on deal probabilities and expected returns.
Market Position
Market Share: ARB held a small market share within the alternative strategy ETF space.
Total Net Assets (AUM): 2740000
Competitors
Key Competitors
- IQ Merger Arbitrage ETF (MNA)
- AdvisorShares Alpha DNA Equity Dividend ETF (ADD)
Competitive Landscape
The merger arbitrage ETF market is relatively niche. ARB competed with larger, more established funds. ARB's smaller size and shorter track record were disadvantages compared to MNA, which had greater liquidity and investor awareness. Competitors focused on broader multi-strategy approaches may have been seen as safer options.
Financial Performance
Historical Performance: ARB's performance varied based on merger activity. Performance data is available for its live trading period.
Benchmark Comparison: The performance was benchmarked against a merger arbitrage index or similar strategy returns.
Expense Ratio: 0.0075
Liquidity
Average Trading Volume
The ETF's trading volume was relatively low, indicating limited liquidity.
Bid-Ask Spread
The bid-ask spread was likely wider than more liquid ETFs due to lower trading volume, increasing transaction costs.
Market Dynamics
Market Environment Factors
Merger arbitrage performance depends on the deal flow, regulatory environment, and interest rate changes. Economic uncertainty can increase deal cancellations and impact returns.
Growth Trajectory
ARB's growth trajectory depended heavily on the volume and success rate of merger and acquisition activity. There are no future plans since the fund has been liquidated.
Moat and Competitive Advantages
Competitive Edge
ARB did not possess significant competitive advantages. Its investment strategy was relatively straightforward, and it faced competition from larger, more liquid ETFs. A unique advantage may have been specific deal selection expertise if it existed. However, without superior access to deal information, it lacked a strong differentiating factor.
Risk Analysis
Volatility
ARB's volatility was moderate but influenced by specific deal risks, such as regulatory rejections or deal terminations.
Market Risk
The ETF faced market risk related to general economic conditions and deal-specific risks like deal cancellations or renegotiations.
Investor Profile
Ideal Investor Profile
ARB was suitable for sophisticated investors seeking alternative investment strategies and diversification, knowledgeable about merger arbitrage.
Market Risk
ARB was best for active traders and experienced investors capable of understanding the risks and nuances of merger arbitrage.
Summary
The AltShares Merger Arbitrage ETF (ARB) offered exposure to merger arbitrage opportunities. It aimed to capture the spread between the target company's price and the deal price. However, due to its smaller size and liquidity concerns, it faced competition from more established ETFs. The fund has since been liquidated, ceasing to be available for investment. Its historical performance data are valuable for investors who are keen in historical research and analysis.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC Filings
- ETF.com
- Bloomberg
Disclaimers:
The information provided is for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results. Data is based on available information and may be subject to change.
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.
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