ARB vs. WEEI ETF Comparison
Comparison of AltShares Merger Arbitrage ETF (ARB) to Westwood Salient Enhanced Energy Income ETF (WEEI)
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
$26.72
Average Daily Volume
15,135
30
WEEI
Westwood Salient Enhanced Energy Income ETF
WEEI Description
The fund is an actively managed ETF that seeks to achieve its investment objectives by investing, under normal circumstances, at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in securities of Midstream North American corporations and Midstream U.S. master limited partnerships ("MLPs") (collectively, "Midstream Investments"). The fund is non-diversified.Grade (RS Rating)
Last Trade
$24.03
Average Daily Volume
15,386
10
Performance
| Period | ARB | WEEI |
|---|---|---|
| 30 Days | -0.49% | 0.77% |
| 60 Days | 0.01% | |
| 90 Days | -1.65% | |
| 12 Months | 5.82% |
1 Overlapping Holdings
| Symbol | Grade | Weight in ARB | Weight in WEEI | Overlap | |
|---|---|---|---|---|---|
| HES | C | 3.57% | 3.08% | 3.08% |
ARB Overweight 29 Positions Relative to WEEI
| Symbol | Grade | Weight | |
|---|---|---|---|
| PXD | B | 3.66% | |
| CTLT | B | 3.52% | |
| ANSS | D | 3.4% | |
| MDC | A | 2.74% | |
| AXNX | B | 2.74% | |
| DOOR | A | 2.7% | |
| JNPR | B | 2.68% | |
| CERE | D | 2.64% | |
| EVBG | C | 2.08% | |
| VZIO | B | 2.0% | |
| KAMN | A | 1.96% | |
| DFS | B | 1.89% | |
| CPRI | F | 1.88% | |
| SWN | D | 1.86% | |
| X | F | 1.82% | |
| HAYN | D | 1.39% | |
| AMED | F | 1.36% | |
| OLK | B | 1.31% | |
| HA | D | 1.29% | |
| MGRC | D | 1.01% | |
| WRK | D | 0.99% | |
| EGLE | B | 0.73% | |
| NWLI | A | 0.66% | |
| CNSL | B | 0.65% | |
| CSTR | A | 0.61% | |
| TGAN | B | 0.52% | |
| ONB | C | -0.13% | |
| CHRD | C | -1.89% | |
| COF | D | -2.2% |
ARB: Top Represented Industries & Keywords
WEEI: Top Represented Industries & Keywords
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