Notable companies
The most notable companies in this group are Pioneer Natural Resource Co (null:PXD), Hess Corp (NYSE:HES), Discover Financial Services (NYSE:DFS), Juniper Networks (NYSE:JNPR), United States Steel Corp (NYSE:X), Capri Holdings Limited (NYSE:CPRI).
Industry description
The investment seeks investment results, before fees and expenses, that track the performance of the S&P® Merger Arbitrage Index (the "index").
The fund is designed to track the performance of the index and provide exposure to a global merger arbitrage strategy. The index is designed to measure the performance of a risk arbitrage strategy that exploits commonly observed price changes associated with publicly announced mergers, acquisitions, or other corporate reorganizations. The fund is non-diversified.
Market Cap
The average market capitalization across the ProShares Merger ETF is 13.69B. The market cap for tickers in the group ranges from 218.59M to 61.67B. PXD holds the highest valuation in this group at 61.67B. The lowest valued company is INBX at 218.59M.
High and low price notable news
The average weekly price growth across all stocks in the ProShares Merger ETF was 0%. For the same ETF, the average monthly price growth was -0%, and the average quarterly price growth was 5%. INBX experienced the highest price growth at 3%, while CHX experienced the biggest fall at -7%.
Volume
The average weekly volume growth across all stocks in the ProShares Merger ETF was 65%. For the same stocks of the ETF, the average monthly volume growth was -64% and the average quarterly volume growth was 32%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 66
P/E Growth Rating: 44
Price Growth Rating: 44
SMR Rating: 100
Profit Risk Rating: 58
Seasonality Score: 41 (-100 ... +100)