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AltShares Event-Driven ETF

EVNT

NYSE ARCA
A

AltShares Event-Driven ETF

EVNT

NYSE ARCA
$11.930.34% (+0.04)
$
₹
$11.930.34% (+0.04)
High
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Low
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Returns
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1D
1W
1M
1Y
5Y
Max
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1D
1W
1M
1Y
5Y
Max

ETF

Event Driven

Mid Cap

With an average market-cap of $8.7B ETF is ranked 2865

Key Metrics

Key Metrics

Expense Ratio
Expense Ratio

The operating and administrative costs of running the fund measured as the percentage of fund assets

1.29%
AUM
AUM

Current market value of the ETF scheme managed by the Asset Management Company

$12.21M
Beta
Beta

Sensitivity of the stock's price relative to the country's key indices over the last 5 years

0.32
Volatility (3Y)
Volatility (3Y)

The annualized standard deviation of the ETF's returns calculated over the last 3 years

6.16%
PE
PE

Ratio of price to the prospective earnings of the ETF's underlyings

21.30
PE Category
PE Category

Ratio of price to the prospective earnings of the holdings of ETFs from the same category

17.33

ETF Profile

To pursue the fund's investment objective, the adviser employs a long/short event-driven strategy, which seeks to profit by investing, long and/or short, in the equity and debt securities of companies whose prices Water Island Capital, LLC (the adviser) believes are or will be impacted by a publicly announced or anticipated corporate event. The adviser will hold a higher percentage of the fund's assets in long positions. The fund is non-diversified.
To pursue the fund's investment objective, the adviser employs a long/short event-driven strategy, which seeks to profit by investing, long and/or short, in the equity and debt securities of companies whose prices Water Island Capital, LLC (the adviser) believes are or will be impacted by a publicly announced or anticipated corporate event. The adviser will hold a higher percentage of the fund's assets in long positions. The fund is non-diversified.

Peers

Peers

Saba Closed-End Funds ETF
CEFS
S
Exp. Ratio
5.81%
5.81%
PE
18.43
18.43
1Y Return
20.17%
20.17%
IQ Merger Arbitrage ETF
MNA
IQ Merger Arbitrage ETF
Exp. Ratio
0.77%
0.77%
PE
13.07
13.07
1Y Return
4.46%
4.46%
AltShares Trust - AltShares Merger Arbitrage ETF
ARB
A
Exp. Ratio
0.77%
0.77%
PE
15.46
15.46
1Y Return
4.51%
4.51%
First Trust Vivaldi Merger Arbitrage ETF
MARB
F
Exp. Ratio
1.7999%
1.7999%
PE
13.84
13.84
1Y Return
5.99%
5.99%
ProShares Merger ETF
MRGR
ProShares Merger ETF
Exp. Ratio
0.75%
0.75%
PE
16.18
16.18
1Y Return
8.97%
8.97%

Peers & Comparison

Peers & Comparison

Comparing 2 ETFs from
ETFEvent Driven
ETFTotal AUMTotal AUMExp. RatioExp. Ratio1Y Return1Y Return
AltShares Event-Driven ETF $12.21M1.29%6.00%
Saba Closed-End Funds ETF$415.21M5.81%20.17%
IQ Merger Arbitrage ETF$251.37M0.77%4.46%

Price Comparison

Price Comparison

1 Month

1 Year

5 Years

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Top Holdings

Top Holdings

  • Name
    Holdings
    Sector
  • Electronic Arts Inc
    Sector: Communication Services
    Holdings4.86 %
    Electronic Arts Inc
    EA

    Holdings

    4.86 %

    Communication Services
  • Hologic Inc
    Sector: Healthcare
    Holdings4.73 %
    Hologic Inc
    HOLX

    Holdings

    4.73 %

    Healthcare
  • Chart Industries Inc
    Sector: Industrials
    Holdings4.45 %
    Chart Industries Inc
    GTLS

    Holdings

    4.45 %

    Industrials
  • Norfolk Southern Corporation
    Sector: Industrials
    Holdings4.42 %
    Norfolk Southern Corporation
    NSC

    Holdings

    4.42 %

    Industrials
  • Warner Bros Discovery Inc
    Sector: Communication Services
    Holdings4.40 %
    Warner Bros Discovery Inc
    WBD

    Holdings

    4.40 %

    Communication Services
  • EXACT Sciences Corporation
    Sector: Healthcare
    Holdings4.30 %
    EXACT Sciences Corporation
    EXAS

    Holdings

    4.30 %

    Healthcare
  • Confluent Inc
    Sector: Technology
    Holdings4.25 %
    Confluent Inc
    CFLT

    Holdings

    4.25 %

    Technology
  • Janus Henderson Group PLC
    Sector: Financial Services
    Holdings4.00 %
    Janus Henderson Group PLC
    JHG

    Holdings

    4.00 %

    Financial Services
  • PNM Resources Inc
    Sector: Utilities
    Holdings3.19 %
    PNM Resources Inc
    PNM

    Holdings

    3.19 %

    Utilities
  • Digitalbridge Group Inc
    Sector: Financial Services
    Holdings2.90 %
    Digitalbridge Group Inc
    DBRG

    Holdings

    2.90 %

    Financial Services
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