In connection with the failed deal to be acquired by Veracen, Elkhorn shuttered two of its funds on Friday, while another two have been rebranded with the name of their new issuer.
Friday was the last day of trading for the Elkhorn Commodity Rotation Strategy ETF (DWAC) and the Elkhorn Fundamental Commodity Strategy ETF (RCOM). Year-to-date closures for 2018 currently stand at more than 70.
Meanwhile, the name of the Elkhorn S&P High Quality Preferred ETF changed to Innovator S&P High Quality Preferred ETF (EPRF), while the Elkhorn Lunt Low Vol/High Beta Tactical ETF changed to Innovator Lunt Low Vol/High Beta Tactical ETF (LVHB) to reflect the funds’ new ownership by Innovator Funds, the ETF issuer that is run by the co-founders of PowerShares.
Contact Heather Bell at [email protected]