ETF Watch: AccuShares Funds Shutting Down

August 26, 2016

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:

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].

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