##  [# Daily ETF Watch: New Closures And Splits](/sections/daily-etf-watch/daily-etf-watch-new-closures-and-splits) 

 

# Daily ETF Watch: New Closures And Splits

 

 

Horizons, Direxion and First Trust all have ETFs undergoing corporate actions.



 

 

 

 

 [![HeatherBell_green_bg](/sites/default/files/styles/author_image_icon/public/2023-03/heather2.png?itok=5J9vBlda)](/contributors/heather-bell) 

[By Heather Bell](/contributors/heather-bell)

 May 02, 2016

 Edited by: Heather Bell

 

 

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As April wound to a close, a number of corporate actions were completed or announced:

In early April, Horizons ETF Trust announced that it was **delisting** the Horizons Korea KOSPI ETF (HKOR). The fund’s last day of trading was April 29. HKOR originally launched in March 2014.

Direxion recently announced the **impending closure** of its two currency-hedged leveraged ETFs, the [Direxion Daily MSCI Europe Currency Hedged Bull 2X Shares (HEGE)](https://www.etf.com/HEGE) and the [Direxion Daily MSCI Japan Currency Hedged Bull 2X Shares (HEGJ)](https://www.etf.com/HEGJ). The two funds are set to have their last day of trading on May 20. Both funds have less than $2 million in assets under management.

The [First Trust Indxx Global Agriculture ETF (FTAG)](https://www.etf.com/FTAG) will undergo a **1-for-5 reverse stock split** today. Once completed, the fund will have one-fifth of the total number of shares outstanding that it previously had, which theoretically should bump the fund’s price by a factor of five, even if the market capitalization will remain stable. FTAG’s share price has declined by approximately 50% of its value over the last 12 months. The fund, which launched in 2010, currently has less than $5 million in assets under management.

*Contact Heather Bell at <hbell@etf.com>.*



 

 

 [ Heather Bell ](/contributors/heather-bell) 

 

 

  Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a…   [View Bio](/contributors/heather-bell)

 



 

 


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