ARB AltShares Merger Arbitrage ETF

ETF

ETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

ARB — —
Key stats
About

AltShares Merger Arbitrage ETF (ARB) ETF

No description available.

Exchange
ARCX
Inception
2020-05-07
Has Options
No
Fund profile
Alternative Merger Arbitrage & Event#6 of 8 by assets AltShares
Expense ratio
—
Assets
—
Trailing yield
0.42%
paid annual
Average daily volume
$738K
30 sessions
Holdings
—
Listed
May 7, 2020
NYSE Arca
Closure risk, 12 months
2.1%
low: trading volume, size of the sponsor's line-up · model

Moves with. High yield over Treasuries (6% of its variance, beta 0.30); US large-cap stocks (4% of its variance, beta 0.06). These factors explain 13% of its daily moves over the last year, so most of what drives this fund is something else.

Overlap toolAll Merger Arbitrage & Event ETFs

Fund flows

No monthly flow reports are on file for this fund yet. New funds appear after their first quarterly filing; funds organised as unit investment trusts do not file them.

Similar funds
FundOverlapFeeAssets1Y
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CCEFCalamos CEF Income & Arbitrage ETF—3.19%$34M−0.7%compare
SPITF/m Emerald Special Situations ETF—0.89%$29M+6.6%compare
MRGRProShares Merger ETF—0.75%$16M+2.7%compare
SPAQHorizon Kinetics SPAC Active ETF—0.85%$10M−11.8%compare

The largest other funds in the Merger Arbitrage & Event category.

ETF Profile
holdings as of 2026-05-31
Holdings
145
AUM
$102.7M
Provider
Nport
Inception
2020-05-07
Exchange
ARCX
Data As Of
2026-05-31
Expense Ratio
—
Dividend Yield
0.42%
Distribution
Annual
Recent distributions
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
Asset Allocation
Top Holdings
top 50 of 145 holdings
Symbol Name Weight % Asset Class Country
— MORGAN STANLEY PRIME BROKER US 15.53% Other US
WBD Warner Bros Discovery Inc 3.59% Equity (common) US
— Morgan Stanley & Co. LLC 2.99% Short-term investment US
— State Street Global Advisors 2.99% Short-term investment US
EA Electronic Arts Inc 2.80% Equity (common) US
CWAN Clearwater Analytics Holdings Inc 2.79% Equity (common) US
AES AES Corp/The 2.78% Equity (common) US
— Masimo Corp 2.77% Equity (common) US
GTLS Chart Industries Inc 2.72% Equity (common) US
PEN Penumbra Inc 2.71% Equity (common) US
WBS Webster Financial Corp 2.70% Equity (common) US
NSC Norfolk Southern Corp 2.66% Equity (common) US
GSAT Globalstar Inc 2.49% Equity (common) US
NSA National Storage Affiliates Trust 2.41% Equity (common) US
KALV KalVista Pharmaceuticals Inc 2.35% Equity (common) US
SLAB Silicon Laboratories Inc 2.35% Equity (common) US
— Janus Henderson Group PLC 2.34% Equity (common) JE
UNF UniFirst Corp/MA 2.34% Equity (common) US
DBRG DigitalBridge Group Inc 2.33% Equity (common) US
OGN Organon & Co 2.29% Equity (common) US
— Beazley PLC 2.28% Equity (common) GB
QRVO Qorvo Inc 1.93% Equity (common) US
BLD TopBuild Corp 1.85% Equity (common) US
ESPR Esperion Therapeutics Inc 1.84% Equity (common) US
CPRX Catalyst Pharmaceuticals Inc 1.84% Equity (common) US
BRLXF Boralex Inc 1.84% Equity (common) CA
RAMP LiveRamp Holdings Inc 1.82% Equity (common) US
NATL NCR Atleos Corp 1.81% Equity (common) US
AAUC Allied Gold Corp 1.79% Equity (common) CA
— Schroders PLC 1.77% Equity (common) GB
— Allfunds Group Plc 1.77% Equity (common) GB
— Iveco Group NV 1.73% Equity (common) NL
BHF Brighthouse Financial Inc 1.69% Equity (common) US
THR Thermon Group Holdings Inc 1.62% Equity (common) US
D Dominion Energy Inc 1.41% Equity (common) US
TALK Talkspace Inc 1.25% Equity (common) US
— Senior PLC 1.22% Equity (common) GB
AVNS Avanos Medical Inc 1.21% Equity (common) US
— JTC PLC 1.21% Equity (common) JE
GBTG Global Business Travel Group I 1.21% Equity (common) US
CCO Clear Channel Outdoor Holdings Inc 1.20% Equity (common) US
SILA Sila Realty Trust Inc 1.19% Equity (common) US
STEL Stellar Bancorp Inc 1.18% Equity (common) US
— Laurentian Bank of Canada 1.15% Equity (common) CA
KVUE Kenvue Inc 0.90% Equity (common) US
NWE Northwestern Energy Group Inc 0.90% Equity (common) US
EQH Equitable Holdings Inc 0.86% Equity (common) US
DVN Devon Energy Corp 0.84% Equity (common) US
TXNM TXNM Energy Inc 0.79% Equity (common) US
ASCUF Arizona Sonoran Copper Co Inc 0.78% Equity (common) CA
Geographic Breakdown
Non-Equity Breakdown
AltShares Merger Arbitrage ETF · NPORT-P period 2026-05-31 (filed 2026-07-07)
Net assets: $103M · 145 total positions · equity 77.61% · non-equity 21.98%
Non-equity holdings — 71 positions, 21.98% of NAV
Category Weight Value Positions
Other 15.53% $16.0M 1
Short-term investment 6.80% $7.0M 5
Derivative (FX) 0.01% $15183 57
Derivative (equity) -0.37% $-384127 8
Chart
Seasonality
'21'22'23'24'25'26Avg
Jan-0.14%0.30%-0.75%-0.49%1.16%0.24%0.05%
Feb-0.72%0.49%-0.08%1.18%1.04%0.21%0.35%
Mar0.62%0.55%-0.63%0.52%0.21%0.51%0.30%
Apr0.99%-0.93%0.89%-1.87%-0.11%0.67%-0.06%
May0.82%-0.98%-0.97%0.72%0.68%-0.03%0.04%
Jun-0.13%-0.19%2.42%0.04%0.64%0.36%0.52%
Jul-0.56%1.63%0.76%1.51%0.91%-0.44%0.64%
Aug0.41%1.17%1.53%1.05%0.61%0.40%0.86%
Sep-0.16%-0.86%0.65%0.22%0.21%0.67%0.12%
Oct0.72%1.96%0.12%0.96%0.05%2.43%*1.04%
Nov-0.11%-1.96%0.74%-0.43%-0.04%---0.36%
Dec0.70%-3.78%1.20%-1.17%0.10%---0.59%
Total2.45%-2.71%5.98%2.20%5.59%5.11%3.10%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • 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.
Momentum Oscillators
  • 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.

Volume & Volatility
  • 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

SMA 20: $29.98
SMA 50: $29.86
SMA 200: $29.52
Current: $30.06
EMA 12: $30.01
EMA 26: $29.96
MACD: 0.0569 | Signal: -0.0010
BULLISH
ADX (14): 24.68
WEAK TREND
+DI: 20.07
−DI: 28.91

Momentum Oscillators

RSI (14): 54.96
NEUTRAL
Stoch %K: 50.76
Stoch %D: 47.87
Williams %R: -50.58

Volume & Volatility

BB Upper: $30.29
BB Lower: $29.67
NEUTRAL
OBV: 746,580
Vol SMA 20: 34,250
Vol ROC: -96.63%
ATR: $0.20
True Range: $0.09
HV 20: 11.5%
HV 30: 9.7%
HV 60: 7.0%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis

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.

Generated
News
All ARB news →
Showing 1–10 of 20
Page 1 of 2

ARB Options Activity & IV Rank

Loading options activity...
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

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.

Stage 2 — Skew Adjustment (±25% cap)

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.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • 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.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How 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.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which 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.
Reading them together

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.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

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.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis

Risk Metrics

Beta: 0.0919
Alpha: 2.49%
Correlation: 0.2410
R-Squared: 5.8%
Stock Volatility: 4.8%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time

ARB Institutional Ownership (13F)

Latest filings — 2026-09-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

35 filers3,632,063 shares$107.65M value
# Filer Shares Value % of Total % of Float Period
1 CANTOR FITZGERALD INVESTMENT ADVISORS L.P. 620,955 $18.59M 17.27% — 2026-09-30
2 New York Life Investment Management LLC 492,634 $14.60M 13.56% — 2026-06-30
3 EP Wealth Advisors, LLC 395,135 $11.71M 10.88% — 2026-06-30
4 LongView Asset Management LLC 356,455 $10.36M 9.63% — 2025-12-31
5 Envestnet Asset Management, Inc. 260,941 $7.73M 7.18% — 2026-06-30
6 Legend Financial Advisors, Inc. 189,058 $5.60M 5.20% — 2026-06-30
7 Orion Porfolio Solutions, LLC 158,407 $4.69M 4.36% — 2026-06-30
8 HighTower Advisors, LLC 145,628 $4.32M 4.01% — 2026-06-30
9 Diversify Advisory Services, LLC 129,033 $3.82M 3.55% — 2026-06-30
10 DIVERSIFY WEALTH MANAGEMENT, LLC 129,033 $3.82M 3.55% — 2026-06-30
11 PFG Advisors 78,446 $2.35M 2.18% — 2026-09-30
12 Collaborative Fund Advisors, LLC 75,953 $2.25M 2.09% — 2026-06-30
13 Steward Partners Investment Advisory, LLC 73,196 $2.17M 2.01% — 2026-06-30
14 Advisory Services Network, LLC Custodian 63,586 $1.88M 1.75% — 2026-06-30
15 Cetera Investment Advisers Custodian 59,386 $1.76M 1.63% — 2026-06-30
16 OSAIC HOLDINGS, INC. Custodian 57,934 $1.72M 1.59% — 2026-06-30
17 Citadel Advisors LLC Custodian 53,912 $1.60M 1.48% — 2026-06-30
18 Sonoma Allocations LLC 39,941 $1.19M 1.10% — 2026-06-30
19 Columbus Macro, LLC 38,720 $1.16M 1.08% — 2026-09-30
20 OPPENHEIMER & CO INC 36,955 $1.10M 1.02% — 2026-06-30
21 CAPTRUST FINANCIAL ADVISORS 31,742 $940.54K 0.87% — 2026-06-30
22 Raymond James Financial, Inc. Custodian 30,121 $892.51K 0.83% — 2026-06-30
23 GTS SECURITIES LLC 25,097 $743.65K 0.69% — 2026-06-30
24 ASSETMARK, INC 21,217 $628.68K 0.58% — 2026-06-30
25 Morgan Stanley Custodian 20,123 $596.29K 0.55% — 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period
Constituent Performance

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Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month