AltShares Event-Driven ETF (EVNT)
AltShares Event-Driven ETF operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $12.35, up 0.03% on the session, giving a market capitalisation of $6.3M. Its beta of 0.27 implies it has historically moved less than the broad market.
Water Island Capital, LLC, the fund's adviser, pursues the investment objective by implementing a 'long/short' event-driven strategy. This approach seeks to capitalize on price movements in the equity and debt securities of companies that the adviser believes will be affected by public or anticipated corporate events. A higher proportion of the fund's assets will be held in long positions. The fund is structured as a non-diversified investment.
AltShares Event-Driven ETF is most often compared with the following Financial Services names: