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 15	F	Strong	Down	Down	Down	10.82%
May 12	F	Strong	Down	Down	Down	10.94%
May 11	F	Strong	Down	Down	Down	10.93%
May 10	D	Strong	Down	Down	Down	10.45%
May 9	D	Strong	Down	Down	Down	10.24%
May 8	D	Strong	Down	Down	Down	10.53%
May 5	D	Strong	Down	Down	Down	10.10%
May 4	C	Strong	Down	Down	Down	10.25%
May 3	C	Weak or Absent	Down	Flat	Down	9.14%
May 2	C	Weak or Absent	Down	Flat	Flat	8.72%