AltShares Merger Arbitrage ETF Price & Performance (ARB)

Steward Partners Investment Advisory LLC has significantly increased its investment in AltShares Merger Arbitrage ETF, growing its stake by 68.2% during the fourth quarter. The firm now holds 5,856 shares, valued at $161,000. Other institutional investors have also adjusted their positions, indicating heightened interest in this ETF.12

Recent technical analysis suggests that AltShares Merger Arbitrage ETF is encountering resistance at $28.42, while support is observed at $28.12. Traders are advised to buy near support levels and consider shorting near resistance, reflecting a cautious approach in navigating the ETF's price dynamics.23

AltShares Merger Arbitrage ETF's latest signals suggest a buy trigger above $28.33, targeting higher levels, with a stop loss at $28.26. On the downside, a short position near $28.33 could aim for $28.02. These strategies underline the ETF's tight trading range and risk management focus.34