ETF Managers Group, LLC (ETFMG) announced today that the Board of Trustees of the ETF Managers Trust has decided to close the ETFMG 2x Daily Inverse Alternative Harvest ETF (MJIN) based on an ongoing review of market demand. Effective immediately, MJIN will increase its cash holdings in contemplation of liquidation and will no longer seek to implement the Fund’s principal investment strategy.
MJIN will each cease trading on the NYSE Arca and no longer accept creation or redemption orders after the market close on November 23, 2022. Proceeds of the liquidation are currently scheduled to be sent to shareholders on or about November 28, 2022.
newETFs.io respects the hard work of others and gives all credit to the remarkable folks at ETFexpress.com. This excerpt/article was pulled from their RSS feed; click here to view the original. Please note that on occasion, the RSS feed will not have the author. When this happens this site defaults the author to "News". Make no mistake, this excerpt/article was not created by newETFs.io, it was simply shared with you.