ETF Watch: Elements ETN To Shut Down
Commodity-focused exchange-traded note will cease to trade after close of business today.
Today is the last trading day for the $27 million Elements S&P Commodity Trends Indicator Total Return ETN (LSC). The ETN launched in 2008 and is one of a family of 10 ETNs from different issuers that were marketed under the same brand name. LSC’s issuer is HSBC, which has no other U.S.-listed exchange-traded products trading.
Based on announced and finalized year-to-date ETF and ETN closures, more than 100 exchange-traded products will have shut down by the end of September.
Contact Heather Bell at [email protected].
