Trend Table for ARB - AltShares Merger Arbitrage ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jun 13	F	Strong	Down	Down	Flat	10.78%
Jun 12	F	Strong	Down	Down	Flat	11.13%
Jun 9	F	Strong	Down	Down	Flat	11.33%
Jun 8	F	Strong	Down	Down	Flat	11.15%
Jun 7	F	Strong	Down	Down	Flat	11.08%
Jun 6	F	Strong	Down	Down	Flat	11.35%
Jun 5	F	Strong	Down	Down	Flat	11.42%
Jun 2	F	Strong	Down	Down	Flat	11.46%
Jun 1	F	Strong	Down	Down	Flat	11.74%
May 31	C	Strong	Down	Flat	Up	9.49%