AltShares Merger Arbitrage ETF(ARB · ETF)
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AltShares Merger Arbitrage ETF (ARB) ETF
- Exchange
- ARCX
- Inception
- 2020-05-07
- Has Options
- No
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2025-12-18 | 2025-12-19 | $0.1257 | CD |
| 2024-12-18 | 2024-12-19 | $0.3092 | CD |
| 2022-12-15 | 2022-12-19 | $1.0757 | CD |
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | MORGAN STANLEY PRIME BROKER US | 16.01% | Other | US |
| WBD | Warner Bros Discovery Inc | 3.79% | Equity (common) | US |
| EXAS | Exact Sciences Corp | 3.01% | Equity (common) | US |
| — | JDE Peet's NV | 2.91% | Equity (common) | NL |
| HOLX | Hologic Inc | 2.82% | Equity (common) | US |
| CWAN | Clearwater Analytics Holdings Inc | 2.82% | Equity (common) | US |
| COR | Masimo Corp | 2.81% | Equity (common) | US |
| EA | Electronic Arts Inc | 2.81% | Equity (common) | US |
| GTLS | Chart Industries Inc | 2.81% | Equity (common) | US |
| CFLT | Confluent Inc | 2.80% | Equity (common) | US |
| NSC | Norfolk Southern Corp | 2.79% | Equity (common) | US |
| WBS | Webster Financial Corp | 2.77% | Equity (common) | US |
| GOLD | New Gold Inc | 2.67% | Equity (common) | CA |
| PEN | Penumbra Inc | 2.66% | Equity (common) | US |
| AL | Air Lease Corp | 2.51% | Equity (common) | US |
| SEE | Sealed Air Corp | 2.24% | Equity (common) | US |
| RAPT | RAPT Therapeutics Inc | 2.23% | Equity (common) | US |
| AAUC | Allied Gold Corp | 2.07% | Equity (common) | CA |
| DBRG | DigitalBridge Group Inc | 2.06% | Equity (common) | US |
| OS | Onestream Inc | 2.06% | Equity (common) | US |
| TXNM | TXNM Energy Inc | 2.05% | Equity (common) | US |
| TPH | Tri Pointe Homes Inc | 2.05% | Equity (common) | US |
| VTYX | Ventyx Biosciences Inc | 2.04% | Equity (common) | US |
| SLAB | Silicon Laboratories Inc | 2.04% | Equity (common) | US |
| BHF | Brighthouse Financial Inc | 1.92% | Equity (common) | US |
| SEMR | SEMrush Holdings Inc | 1.63% | Equity (common) | US |
| — | Banca Popolare di Sondrio SPA | 1.57% | Equity (common) | IT |
| — | Allfunds Group Plc | 1.57% | Equity (common) | GB |
| TGNA | TEGNA Inc | 1.53% | Equity (common) | US |
| FRGE | Forge Global Holdings Inc | 1.52% | Equity (common) | US |
| — | JTC PLC | 1.52% | Equity (common) | JE |
| — | Schroders PLC | 1.51% | Equity (common) | GB |
| INTWF | CSG Systems International Inc | 1.51% | Equity (common) | US |
| ALEX | Alexander & Baldwin Inc | 1.51% | Equity (common) | US |
| SNCY | Sun Country Airlines Holdings Inc | 1.45% | Equity (common) | US |
| FOLD | Amicus Therapeutics Inc | 1.43% | Equity (common) | US |
| CTLPP | Cantaloupe Inc | 1.03% | Equity (common) | US |
| CVGW | Calavo Growers Inc | 1.02% | Equity (common) | US |
| STKL | SunOpta Inc | 1.02% | Equity (common) | CA |
| GLDD | Great Lakes Dredge & Dock Corp | 1.01% | Equity (common) | US |
| — | Laurentian Bank of Canada | 1.01% | Equity (common) | CA |
| PRA | ProAssurance Corp | 1.01% | Equity (common) | US |
| CCO | Clear Channel Outdoor Holdings Inc | 1.01% | Equity (common) | US |
| — | Just Group PLC | 1.01% | Equity (common) | GB |
| — | IHS Holding Ltd | 1.00% | Equity (common) | KY |
| STEL | Stellar Bancorp Inc | 0.98% | Equity (common) | US |
| SKYT | SkyWater Technology Inc | 0.97% | Equity (common) | US |
| NWE | Northwestern Energy Group Inc | 0.94% | Equity (common) | US |
| HTBK | Heritage Commerce Corp | 0.94% | Equity (common) | US |
| — | Morgan Stanley & Co. LLC | 0.86% | Short-term investment | US |
| Category | Weight | Value | Positions |
|---|---|---|---|
| Other | 16.01% | $16.6M | 1 |
| Short-term investment | 1.71% | $1.8M | 3 |
| Derivative (FX) | -0.03% | $-27782 | 59 |
| Derivative (equity) | -0.44% | $-453085 | 2 |
| Month | Avg Return | Years of Data |
|---|---|---|
| Jan | -0.14% | 6 |
| Feb | +0.59% | 6 |
| Mar | +0.06% | 6 |
| Apr | +0.28% | 6 |
| May | -0.62% | 6 |
| Jun | +0.48% | 6 |
| Jul | +0.72% | 6 |
| Aug | +1.09% | 6 |
| Sep | +0.33% | 6 |
| Oct | +1.06% | 5 |
| Nov | -0.10% | 5 |
| Dec | -0.26% | 5 |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
Momentum Oscillators
Volume & Volatility
Data Summary
Here is my comprehensive stock analysis report for ARB:
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10) Key Drivers and Primary Risks: * Key drivers: Technical strength, low volatility, and stable market sentiment * Primary risks: Market downturns, regulatory changes, or unexpected earnings misses Investment Thesis: ARB appears to be in a consolidative phase, with technical indicators pointing towards a continued uptrend. The stock's low volatility and stable market sentiment reduce the risk of sudden price movements. Recent News Sentiment Impact: NEUTRAL
Technical Analysis
Trend Direction: * Short-term (1-4 weeks): Bullish * Medium-term (1-3 months): Bullish * Long-term (3-12 months): Neutral
Support/Resistance Levels:
- Resistance 1: $29.84 (Upper Bollinger Band)
- Support 1: $29.67 (Lower Bollinger Band)
Momentum Signals: * RSI interpretation: Neutral (57.57) * MACD signal: Bullish * Bollinger Bands position: Neutral
Volume Analysis: Volume trends are stable, with institutional interest reflected in the OBV and volume rate of change.
News & Sentiment Analysis
Recent Headlines Summary: Neutral news headlines focus on ETF market performance and cryptocurrency trends.
Sentiment Assessment: NEUTRAL
Catalyst Identification: None identified; however, ARB's low volatility might become a catalyst if it breaks out above the upper Bollinger Band.
Market Narrative: Technical signals align with neutral news sentiment, indicating a stable market environment.
Risk & Volatility Assessment
Beta Interpretation: Low risk (beta = 0.08) relative to the SPY
Volatility Regime: Current volatility is low compared to historical levels.
Options Market Signals: No options data available; however, ARB's low volatility might indicate limited upside potential.
Downside Protection: Support levels and risk management considerations are essential due to the stock's consolidation phase.
Market Context & Positioning
Sector Performance: ARB is outperforming its sector peers.
Institutional Activity: Stable volume trends reflect institutional interest.
Correlation Analysis: ARB moves in line with the market (R-squared interpretation).
Relative Valuation: The stock is positioned within a trading range, indicating potential for further consolidation.
Key Levels & Action Items
Critical Price Levels: * Resistance 1: $29.84 (Upper Bollinger Band) * Support 1: $29.67 (Lower Bollinger Band)
Breakout/Breakdown Levels: None identified; however, a breakout above the upper Bollinger Band could trigger further upside.
Time-Sensitive Catalysts: No imminent earnings or regulatory events.
Risk Management: Stop-loss levels and position sizing considerations are essential due to the stock's consolidation phase.
Please let me know if you'd like me to elaborate on any section.
Each spread is ranked by a composite score built in three stages. Full documentation →
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Enter a ticker to render the implied volatility surface.
Enter a ticker to render the implied volatility smile.
- Beta (1Y vs SPY)
- 0.08
- Correlation (SPY)
- 29.1%
- R²
- 0.08
- Ann. Volatility
- 3.6%
- SPY Volatility
- 12.8%
Low volatility - stock moves less than market
Click any bar to view the full quote for that stock.
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
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