AltShares Merger Arbitrage ETF
New York Stock Exchange ArcaRecent
price
P/E
ratio
div
yld
- -
ROIC.AI
Capital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.- Similar Companies
- Business
- AltShares Merger Arbitrage ETF (ARB) is an exchange-traded fund that seeks to provide investment results corresponding, before fees and expenses, to the performance of the Water Island Merger Arbitrage USD Hedged Index, reflecting a pure-play global merger arbitrage strategy focused on definitive, publicly announced mergers and acquisitions. The ETF employs a long position in takeover targets and fully hedges stock-for-stock deals with short positions in acquirers; implements rules-based risk mitigation through currency hedging, liquidity constraints, and position sizing based on standalone downside and market-implied deal success probabilities; reconstitutes and rebalances its portfolio twice monthly to capture evolving deal spreads while excluding transactions with undefined returns; and maintains a passive structure offering tax efficiency, intraday liquidity, and daily holdings transparency. As of late 2025, ARB holds approximately 40-60 positions primarily in developed markets, with significant exposure to U.S. equities (around 66-74%), non-U.S. stocks (around 25%), and cash equivalents, featuring top holdings such as Skechers USA Inc., SpringWorks Therapeutics Inc., and Frontier Communications Parent Inc.; it targets institutional and retail investors seeking low-volatility, low-correlation returns independent of broader equity and fixed-income markets. Launched on May 7, 2020, by AltShares Trust, the first ETF in its lineup and sponsored by Water Island Capital--a New York-based event-driven investment specialist founded in 2000 and headquartered at 41 Madison Avenue--ARB operates globally with primary focus on U.S., U.K., and developed market transactions. Recent developments include hitting a new 52-week high in November 2024 amid rising global M&A activity driven by Federal Reserve rate cuts and moderating inflation, boosting deal announcements by 7.3% year-over-year; celebrating its five-year anniversary in 2025 with portfolio managers highlighting differentiated returns and a favorable regulatory environment for mergers; and maintaining assets under management near $90-88 million with a net expense ratio of 0.84% as of mid-to-late 2025.
Company News
AltShares Merger Arbitrage ETF $ARB Shares Bought by Assetmark Inc.
Pheasant Network by PG Labs Raises $2M Seed Round to Accelerate AI-Powered Intent for DeFAI
World Investment Advisors Raises Stock Position in AltShares Merger Arbitrage ETF $ARB
Argo Blockchain to delist from the London Stock Exchange after creditor seized control
Further Rate Cuts Could Pave the Way for M&A ETFs
ARB IOT Group Limited Announces 1-for-15 Reverse Share Split
ARB IOT Group Limited Secures Approximately USD53.0 Million Order for Supplying AI Servers
ARB IOT Group Limited Introduces AI Drone Technology to Revolutionise Plantation Management
ARB IOT Group Limited Unveils Cutting-Edge Smart AI Robot to Revolutionize Fertilization in Agriculture
ARB IOT Group Limited Secures Additional Order for Its Smart IOT Palm Farming System, Strengthening Market Presence in Sabah
ARB IOT Group Limited Secures Yearly Recurring Order of Approximately USD20 Million in Smart IoT Palm Farming Business in Sabah
ARB IOT Group Limited Appointed Exclusive Wholesaler, Distributor and System Integrator for Its Smart IoT Palm Farming Solutions to Gain Market Access in Sabah and Sarawak Regions
ARB IOT GROUP LIMITED SECURES ORDER WORTH APPROXIMATELY US$45 MILLION FOR AI DATA CENTRE SERVER SOLUTION
ARB IOT Group Limited Announces Entry Into a Memorandum of Understanding to Set-Up AI Data Centre Experimental Laboratory in the Region
Merger & Acquisition ETF (ARB) Hits New 52-Week High
ARB IOT Group Limited Signs a Memorandum of Understanding (MOU) To Accelerate Global AI Revolution with Advanced Server Solutions
Argo August Operational Update
ARB STOCK NEWS: Robbins LLP Reminds Arbor Realty Trust, Inc. Investors to Obtain More Information About the Securities Fraud Class Action
ARB IOT Group Limited Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency
Looking for a Unique ETF? This One Is More Valuable As a Warning.