Trend Table for ARB - AltShares Merger Arbitrage ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Feb 16	F	Strong	Down	Down	Flat	8.54%
Feb 15	F	Strong	Down	Down	Flat	8.78%
Feb 14	F	Strong	Down	Down	Flat	8.78%
Feb 13	F	Strong	Down	Down	Flat	8.76%
Feb 10	F	Strong	Down	Down	Flat	8.97%
Feb 9	F	Strong	Down	Down	Flat	8.93%
Feb 8	F	Strong	Down	Down	Flat	8.89%
Feb 7	F	Strong	Down	Down	Flat	8.78%
Feb 6	F	Strong	Down	Down	Flat	9.01%
Feb 3	F	Strong	Down	Down	Flat	9.00%