EVNT

AltShares Event-Driven ETF

$11.94
+0.00%
Market closed. Last update: 11:41 PM ET

📎 Investment Objective

The AltShares Event-Driven ETF (EVNT) seeks to provide exposure to a diversified portfolio of event-driven investment strategies, with the goal of generating positive returns in a variety of market environments.

Overview

ETF tracking AltShares Event-Driven ETF

Category Other
Issuer Other
Inception Date 2021-09-20
Market Cap $7.2M
Average Volume N/A
Dividend Yield 0.59%
52-Week Range $10.39 - $12.14
VWAP $11.93

Performance

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Investment Summary

📎 Investment Objective

The AltShares Event-Driven ETF (EVNT) seeks to provide exposure to a diversified portfolio of event-driven investment strategies, with the goal of generating positive returns in a variety of market environments.

🎯 Investment Strategy

The fund invests in a range of event-driven strategies, such as merger arbitrage, special situations, and distressed securities. The portfolio managers aim to capitalize on corporate events and market inefficiencies to generate returns that have a low correlation to traditional asset classes.

✨ Key Features

  • Diversified exposure to event-driven investment strategies
  • Potential for positive returns in varying market conditions
  • Low correlation to traditional stocks and bonds
  • Actively managed portfolio by experienced event-driven specialists

⚠️ Primary Risks

  • Market risk: The fund's investments may be affected by overall market movements
  • Event risk: The success of the fund's strategies depends on the successful outcome of corporate events
  • Liquidity risk: Some investments may be difficult to sell quickly at a fair price
  • Management risk: The fund's performance depends on the skill of the portfolio managers

👤 Best For

The AltShares Event-Driven ETF may be suitable for investors seeking diversification, low correlation to traditional assets, and the potential for positive returns in a variety of market environments. However, the fund's strategies involve higher risk and may not be appropriate for all investors. Investors should carefully consider their investment objectives, risk tolerance, and time horizon before investing.