ETF Watch: AccuShares Funds Shutting Down

The company's four ETFs will close in September.
Reviewed by: Staff
Edited by: Staff

Yesterday, AccuShares Investment Management announced that it would be closing its four ETFs and that their last day of trading will be Sept. 8.

The funds are as follows:

The VIX pair launched in May 2015; each has less than $1 million in assets under management. The oil pair launched in late June, and each fund has gathered more than $2 million.

The AccuShares are designed to launch in pairs, with the “Up” shares providing long exposure and the “Down” shares offering the inverse. Each pair of funds moves like a teeter totter.

The closures of the AccuShares will push the total so far for 2016 to above 75.

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