ETF Watch: 2 More Closures Scheduled

Two more ETFs are now scheduled to shut down before the end of the year, meaning that 2016 will come to an end with well over 100 closures, and that’s with two and half months still left on the year.

The TrimTabs International Free-Cash-Flow ETF (FCFI) is set to have its last day of trading on Oct. 31. The fund launched in June 2015, but it has only managed to attract $13 million in assets under management. The firm only has one other listed ETF, the TrimTabs Float Shrink ETF (TTAC); TTAC launched at the end of September and has a little more than $4 million in AUM.  TrimTabs opened the fund after it was removed as the subadvisor of a similar ETF issued by AdvisorShares, which is now subadvised by Wilshire Associates.

iShares is also shutting down one of its ETFs, but it is a fully expected closing that is occurring on schedule. The iShares iBonds Dec 2016 Term Corporate ETF (IBDF) will see its last day of trading on Dec. 15, right on schedule. IBDF is part of the iBonds target date maturity ETF family and covered stocks maturing in December 2016.

Contact Heather Bell at [email protected].