AltShares Event-Driven ETF (EVNT)

AltShares Event-Driven ETF (EVNT) is an exchange-traded fund in the Event Driven category. It has $13.11M in assets, an expense ratio of 1.27% and a 0.39% dividend yield. 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.