AltShares Event-Driven ETF
EVNT
New York Stock Exchange Arca- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- AltShares Event-Driven ETF (EVNT) is a non-diversified, actively managed exchange-traded fund that pursues an event-driven investment strategy by taking long and/or short positions in equity and debt securities of companies whose prices the adviser believes are or will be impacted by publicly announced or anticipated corporate events, including mergers and acquisitions, spin-offs, restructurings, and refinancings; the fund emphasizes hard catalyst opportunities such as merger arbitrage while also considering soft catalysts, with a primary objective of achieving capital appreciation over a full market cycle at lower volatility than the broad equity market. Advised by Water Island Capital, an independent specialist with more than 20 years of experience in event-driven strategies offering daily liquidity, EVNT provides investors with ETF benefits including tax efficiency, intraday liquidity, and daily holdings transparency; its portfolio typically includes exposure across sectors such as technology services, finance, electronic technology, consumer non-durables, energy minerals, and others, alongside cash and corporate bonds. Launched on September 20, 2021, and domiciled in the United States, the ETF trades on U.S. exchanges including NYSE Arca and is part of the AltShares suite of ETFs managed by Water Island Capital, which was founded in 2000 and headquartered in Stamford, Connecticut, focusing on democratizing alternative investments for the broader public. In recent developments, EVNT has seen positive fund flows of approximately $113,000 over the past year amid a rebound in global mergers and acquisitions activity, with Q3 2024 marking the second consecutive quarter of growth in M&A notifications up 7.3% year-over-year, enhancing the relevance of its merger arbitrage focus; assets under management stood at around $5.4 million to $8.3 million as of late 2025, reflecting steady performance with year-to-date returns around 11% and a dividend yield of approximately 0.6%, alongside modest AUM growth in a shifting landscape favoring active ETFs.