Javelin Shutters Last JETS ETF
Javelin closes its last remaining fund, yet remains open for business. September 29, 2011 was the last day of trading for the JETS Contrarian Opportunities Index Fund (JCO). The ongoing viability of JCO was called into question more than a year ago when the firm announced the impending closure of...
IVO Terminates and IVOP Fills the Void
Another exchange-traded product met its demise this week. The iPath Inverse S&P 500 VIX Short-Term Futures ETN (IVO) triggered an early termination on September 12 when shares traded below $10. Barclays immediately called the notes for redemption at $11.8024 per share. They were then delisted...
Last FaithShares ETF Closes
After shuttering four ETFs in July, the last remaining FaithShares ETF has now suffered a similar fate. FaithShares Christian Value Fund (FOC) saw its last day of trading on August 31, 2011. All outstanding shares will be redeemed on September 14. All of the FaithShares funds were consistent members...
Ben Graham ELEMENTS ETNs Closing Today
With little warning, the three ELEMENTS Ben Graham ETNs have been called for immediate redemption. Today (8/25/11) is the last day of trading, although their redemption values have already been defined. The NYSE was notified just yesterday (8/24/11) that the exchange-traded notes, issued by Deutsche...
VZZ Terminates and VZZB Fills the Void
As mentioned in ETF Stats for June 2011, the iPath Long Enhanced S&P 500 VIX Mid-Term Futures ETN (VZZ) hit an early termination trigger on July 1 by trading below $10. The press release indicated VZZ would be redeemed on July 11, 2011, but it did not indicate the delisting date. Subsequent to...
FaithShares To Charge Shareholders For July Closures
FaithShares has lost faith. July 15, 2011 will be the last day of trading for four of the five FaithShares ETFs (Five Flavors of Faith in an ETF Format) launched in December 2009. The lone survivor, FaithShares Christian Values Fund (FOC), will stay open even though it currently has less than...
BXDD Bites The Dust
The first ETP closure of 2011 is now upon us. After a four-month streak with no fatalities, a Barclays ETN will have its final day of trading Wednesday (5/4/11). The Barclays ETN+ Short D Leveraged Exchange Traded Notes Linked to the Inverse Performance of the S&P 500 Total Return Index (BXDD)...
Barclays Halts Creation of Its No-Reset -3x S&P ETN
Barclays announced 2/9/11 that it has temporarily suspended “sales from inventory” of the Barclays ETN+ Short D Leveraged Exchange Traded Notes Linked to the Inverse Performance of the S&P 500® Total Return Index (BXDD). If you know what those are, you are part of a very small group. Since...
List of 49 ETF Closures for 2010
U.S. exchange traded product delistings and closures totaled 49 in 2010, consisting entirely of ETFs (no ETNs). The lifetime tally now stands at 173 (160 ETFs and 13 ETNs). The 49 closures represent a 12.5% drop from 2009 and mark the second straight year the quantity has declined. Closures affected...
Direxion To Close 2-Year Treasury 3x ETFs
November 30, 2010 will be the last day of trading for Direxion Daily 2-Year Treasury Bull 3x Shares (TWOL) and Direxion Daily 2-Year Treasury Bear 3x Shares (TWOZ). According to Rafferty Asset Management, the manager of the ETFs, the closures reflect insufficient trading demand and asset levels too...
