AltShares Event-Driven ETF (EVNT)
9.848
-0.04
(-0.37%)
USD |
NYSEARCA |
May 17, 16:00
Price Chart
Key Stats
Net Expense Ratio | Discount or Premium to NAV | Total Assets Under Management | 30-Day Average Daily Volume |
---|---|---|---|
1.29% | -0.02% | 4.522M | 889.03 |
Dividend Yield | Turnover Ratio | 1 Year Fund Level Flows | Max Drawdown (Since Inception) |
0.61% | 400.0% | 1.415M | Upgrade |
Basic Info
Investment Strategy | |
The investment seeks to achieve capital appreciation over a full market cycle with lower volatility than the broad equity market. 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. |
General | |
Security Type | Exchange-Traded Fund |
Equity Style | Mid Cap/Blend |
Fixed Income Style | -- |
Broad Asset Class | Alternative |
Broad Category | Alternative |
Category Name | Event Driven |
Category Index | Morningstar Mod Con Tgt Risk TR USD |
Global Category Name | Market Neutral |
YCharts Categorization | Other |
YCharts Benchmark | S&P 500 Total Return (^SPXTR) |
Prospectus Objective | Growth and Income |
Fund Owner Firm Name | AltShares |
Prospectus Benchmark Index | |
ICE BofA US 3M Trsy Bill TR USD | 100.0% |
Broad Asset Class Benchmark Index | |
^MSACWINTR | 100.0% |
Manager Tenure | |
Eric Becker | 9.34 yrs |
John Orrico | 9.34 yrs |
Performance Versus Category
As of May 17, 2024. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of May 17, 2024.
Basic Info
Investment Strategy | |
The investment seeks to achieve capital appreciation over a full market cycle with lower volatility than the broad equity market. 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. |
General | |
Security Type | Exchange-Traded Fund |
Equity Style | Mid Cap/Blend |
Fixed Income Style | -- |
Broad Asset Class | Alternative |
Broad Category | Alternative |
Category Name | Event Driven |
Category Index | Morningstar Mod Con Tgt Risk TR USD |
Global Category Name | Market Neutral |
YCharts Categorization | Other |
YCharts Benchmark | S&P 500 Total Return (^SPXTR) |
Prospectus Objective | Growth and Income |
Fund Owner Firm Name | AltShares |
Prospectus Benchmark Index | |
ICE BofA US 3M Trsy Bill TR USD | 100.0% |
Broad Asset Class Benchmark Index | |
^MSACWINTR | 100.0% |
Manager Tenure | |
Eric Becker | 9.34 yrs |
John Orrico | 9.34 yrs |