First Trust Merger Arbitrage ETF (NTRL)
First Trust Merger Arbitrage ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $21.36, up 0.13% on the session, giving a market capitalisation of $19.2M. Its beta of 0.04 implies it has historically moved less than the broad market.
The First Trust Equity Market Neutral ETF's (the "Fund") investment objective is to seek to provide investors with capital appreciation. Under normal market conditions, the Fund seeks to invest at least 80% of its net assets (plus any borrowings for investment purposes) in derivative instruments (exchange-traded or over-the-counter) that provide exposure to U.S exchange-listed equity securities, U.S. exchange-traded funds ("ETFs") that provide exposure to U.S. exchange-listed equity securities (directly or through derivatives) and/or U.S. exchange-listed equity securities.
First Trust Merger Arbitrage ETF is most often compared with the following Financial Services names: