ARB vs. PTF ETF Comparison
Comparison of AltShares Merger Arbitrage ETF (ARB) to PowerShares Dynamic Technology (PTF)
ARB
AltShares Merger Arbitrage ETF
ARB Description
AltShares Trust - AltShares Merger Arbitrage ETF is an exchange traded fund launched and managed by Water Island Capital, LLC. It invests in public equity markets of global region. The fund invests through derivatives in stocks of companies operating across diversified sectors. The fund employs long/short strategy and uses derivatives such as futures, forwards, swaps to create its portfolio. AltShares Trust - AltShares Merger Arbitrage ETF is domiciled in the United States.
Grade (RS Rating)
Last Trade
$27.94
Average Daily Volume
11,353
43
PTF
PowerShares Dynamic Technology
PTF Description
The PowerShares Dynamic Technology Sector Portfolio (Fund) is based on the Dynamic Technology Sector IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of stocks of 60 US technology companies. These companies are principally engaged in the business of providing technology-related products and services, including computer hardware and software, Internet, electronics and semiconductors, and communication technologies. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.Grade (RS Rating)
Last Trade
$75.86
Average Daily Volume
29,177
41
Performance
Period | ARB | PTF |
---|---|---|
30 Days | 0.17% | 16.24% |
60 Days | 0.43% | 20.86% |
90 Days | 1.37% | 17.61% |
12 Months | 5.64% | 62.79% |
0 Overlapping Holdings
Symbol | Grade | Weight in ARB | Weight in PTF | Overlap |
---|
ARB Overweight 43 Positions Relative to PTF
Symbol | Grade | Weight | |
---|---|---|---|
MRO | B | 2.76% | |
RCM | F | 2.73% | |
CTLT | B | 2.72% | |
HCP | B | 2.72% | |
SPR | D | 2.68% | |
K | A | 2.67% | |
JNPR | F | 2.66% | |
ANSS | B | 2.57% | |
INFN | C | 2.27% | |
SRCL | C | 2.19% | |
CHX | C | 2.19% | |
ENV | B | 2.17% | |
SILK | F | 2.16% | |
PETQ | D | 2.14% | |
EVRI | A | 2.13% | |
RVNC | F | 2.07% | |
HA | D | 2.02% | |
HES | B | 1.95% | |
DFS | B | 1.9% | |
X | C | 1.85% | |
DO | D | 1.83% | |
ALE | A | 1.81% | |
PRFT | D | 1.81% | |
PWSC | C | 1.81% | |
AXNX | C | 1.81% | |
INST | C | 1.79% | |
VZIO | A | 1.78% | |
AMK | D | 1.78% | |
GTHX | D | 1.72% | |
SRDX | B | 1.4% | |
FBMS | B | 1.16% | |
HTLF | B | 1.15% | |
BALY | C | 1.14% | |
CHUY | D | 1.13% | |
TWKS | D | 1.11% | |
MGRC | B | 1.07% | |
SWN | D | 0.94% | |
CALT | D | 0.58% | |
AAN | D | 0.56% | |
CNSL | C | 0.54% | |
AGS | A | 0.53% | |
HAYN | C | 0.53% | |
SRCL | C | 0.5% |
ARB Underweight 41 Positions Relative to PTF
Symbol | Grade | Weight | |
---|---|---|---|
APP | B | -13.38% | |
AAPL | C | -6.07% | |
FICO | B | -4.26% | |
PLTR | B | -3.57% | |
ANET | C | -3.23% | |
NTNX | A | -2.87% | |
AAOI | B | -2.85% | |
KLAC | D | -2.83% | |
COHR | B | -2.52% | |
GWRE | A | -2.36% | |
GDDY | A | -2.33% | |
TDS | B | -2.29% | |
ZETA | D | -2.27% | |
MSFT | F | -2.23% | |
PI | D | -2.19% | |
MSI | B | -2.17% | |
ORCL | B | -2.13% | |
IOT | A | -2.08% | |
VERX | B | -2.04% | |
TTD | B | -2.0% | |
MTSI | B | -2.0% | |
QTWO | A | -1.98% | |
IDCC | A | -1.92% | |
AUR | C | -1.91% | |
NTAP | C | -1.89% | |
MANH | D | -1.82% | |
VRNS | D | -1.81% | |
COMM | D | -1.8% | |
SITM | B | -1.77% | |
SMTC | B | -1.7% | |
STX | D | -1.7% | |
ACIW | B | -1.58% | |
CVLT | B | -1.55% | |
BDC | B | -1.53% | |
PAR | B | -1.35% | |
ALKT | B | -1.31% | |
MPWR | F | -1.24% | |
YOU | D | -1.14% | |
NSIT | F | -1.1% | |
PLUS | F | -0.85% | |
MAX | F | -0.79% |
ARB: Top Represented Industries & Keywords
PTF: Top Represented Industries & Keywords