ProShares, a premier provider of ETFs, announced today that it plans to close and liquidate the following ETFs based on an ongoing review of ProShares product offerings and client feedback.
| ProShares ETF | Ticker | Exchange | ||
| CDS Short North American HY Credit ETF | WYDE | Cboe BZX Exchange, Inc. | ||
| UltraShort Gold Miners | GDXS | NYSE Arca | ||
| Ultra Gold Miners | GDXX | NYSE Arca | ||
After the close of business on August 5, 2019, the funds will no longer accept creation orders. Trading in the funds will be halted prior to market open on August 6, 2019. Beginning on August 6, the funds will not be traded on their respective exchanges, and there will be no secondary market for the shares. On or about August 5, 2019, the funds will begin the process of liquidating their portfolios and may not be managed in accordance with their investment objectives. Any shareholders remaining in the funds will have their shares redeemed at net asset value on or about August 14, 2019.
About ProShares
ProShares has been at the forefront of the ETF revolution since 2006. ProShares now offers one of the largest lineups of ETFs, with more than $30 billion in assets. The company is the leader in strategies such as dividend growth, interest rate hedged bond and geared (leveraged and inverse) ETF investing. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns.
June 5, 2019
ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor or sponsor.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190605005997/en/
Contacts:
Tucker Hewes, Hewes Communications, Inc.,
212.207.9451, tucker@hewescomm.com
