AltShares Merger Arbitrage ETF Declares Dividend of $0.31 (NYSEARCA:ARB)

Posted by Carolyn Dwyer on Dec 19th, 2024

AltShares Merger Arbitrage ETF (NYSEARCA:ARB – Get Free Report) declared a dividend on Tuesday, December 17th,NASDAQ Dividends reports. Shareholders of record on Wednesday, December 18th will be given a dividend of 0.3092 per share on Thursday, December 19th. The ex-dividend date is Wednesday, December 18th.

AltShares Merger Arbitrage ETF Price Performance

NYSEARCA:ARB opened at $27.39 on Thursday. The firm’s fifty day moving average price is $27.86 and its two-hundred day moving average price is $27.53. The company has a market cap of $71.49 million, a P/E ratio of 17.48 and a beta of 0.08. AltShares Merger Arbitrage ETF has a one year low of $25.81 and a one year high of $28.30.

About AltShares Merger Arbitrage ETF

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The AltShares Merger Arbitrage ETF (ARB) is an exchange-traded fund that mostly invests in long\u002Fshort alternatives. The fund tracks a global USD-hedged index that uses a merger arbitrage strategy by providing long exposure to takeover targets and short exposure the acquiring company. ARB was launched on May 7, 2020 and is managed by Altshares.