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:
- AccuShares Spot CBOE VIX Up Shares (VXUP)
- AccuShares Spot CBOE VIX Down Shares (VXDN)
- AccuShares S&P GSCI Crude Oil Excess Return Down Shares (OILD)
- AccuShares S&P GSCI Crude Oil Excess Return Up Shares (OILU)
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.
Contact Heather Bell at [email protected].
