No More Wildcatters: WCAT Closing

April 24, 2012 by  
Filed under Commentary, ETF Closings

Jefferies | TR/J CRB Wildcatter Exploration & Production Equity ETF (WCAT) will see its last day of trading on Friday, April 27, 2012.  ALPS ETF Trust announced (pdf) the closure and liquidation after the Board determined it was advisable and in the best interest of the fund and its shareholders.  I advise shareholders to sell all shares prior to the delisting using a limit order.

WCAT launched more than two years ago on January 10, 2010.  The most recent month-end asset level was slightly above $10 million, which likely prompted the closure decision.  The ETP delisting will be the 17th of 2012 and the 228th in the young industry’s history.

Two other ETFs managed by Jefferies Asset Management closed last December.  They were Jefferies | TR/J CRB Global Agriculture Equity Index Fund (former ticker CRBA) and Jefferies | TR/J CRB Global Industrial Metals Equity Index Fund (former ticker CRBI).  This leaves Jefferies | TR/J CRB Global Commodity Equity Index Fund (CRBQ) as the only remaining ETF in their lineup.

Disclosure covering writer, editor, and publisher:  No positions in any of the securities mentioned.  No positions in any of the companies or ETF sponsors mentioned.  No income, revenue, or other compensation (either directly or indirectly) received from, or on behalf of, any of the companies or ETF sponsors mentioned.

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