Trend Table for ARB - AltShares Merger Arbitrage ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 30	F	Strong	Down	Down	Flat	12.18%
May 26	F	Strong	Down	Down	Flat	12.24%
May 25	F	Strong	Down	Down	Flat	12.00%
May 24	F	Strong	Down	Down	Flat	12.00%
May 23	F	Strong	Down	Down	Flat	11.91%
May 22	F	Strong	Down	Down	Down	12.46%
May 19	F	Strong	Down	Down	Down	12.20%
May 18	F	Strong	Down	Down	Down	12.00%
May 17	F	Strong	Down	Down	Down	11.96%
May 16	F	Strong	Down	Down	Down	11.87%