ARB Stock Summary and Trading Ideas (Altshares Merger Arbitrage ETF | ARCA:ARB)

The Fund seeks to provide investment results that correspond, before fees and expenses, to the performance of the Water Island Merger Arbitrage USD Hedged Index. The Index is designed to reflect a pure-play, global merger arbitrage strategy investing in definitive, publicly announced mergers and acquisitions.

Altshares Merger Arbitrage ETF trades on the ARCA stock market under the symbol ARB.

As of April 25, 2024, ARB stock price climbed to $26.68 with 5,747 million shares trading.

ARB has a beta of 0.13, meaning it tends to be less sensitive to market movements. ARB has a correlation of 0.19 to the broad based SPY ETF.

ARB has a market cap of $69.75 million. This is considered a Micro Cap stock.

In the last 3 years, ARB stock traded as high as $27.80 and as low as $24.50.

ARB has underperformed the market in the last year with a return of +4.1%, while the SPY ETF gained +25.6%. In the last 3 month period, ARB fell short of the market, returning -0.3%, while SPY returned +3.5%. However, in the most recent 2 weeks ARB has outperformed the stock market by returning -1.6%, while SPY returned -2.8%.

ARB support price is $26.55 and resistance is $26.79 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ARB stock will trade within this expected range on the day.