Mast HedgeIndex Corporate Arbitrage ETF (HXA) Stock Price, Quote, News & History | Benzinga

To achieve its investment objective by pursuing several arbitrage investment strategies employed by hedge funds and proprietary trading desks of investment banks, including merger arbitrage, volatility arbitrage, and other arbitrage and corporate event strategies described more fully below. To pursue these investment strategies, the Fund invests in a diversified portfolio of instruments, including equities, closed-end funds, rights, warrants, and derivatives. Manteio Scalable Technologies LLC (Mast Investments or the Advisor), the Funds investment advisor, will employ hedging strategies with the intent of (i) reducing the risk associated with each of the arbitrage and corporate event strategies, (ii) keeping the overall volatility of the Funds net asset value low, and (iii) maintaining a low correlation with the overall equity market.