ETFs Falling Like Leaves

September 18, 2019

Four firms are shutting a combined total of six ETFs as we head into autumn, with closures continuing at a brisk pace.

Direxion has three ETFs scheduled to see their last day of trading on Oct. 11:

Meanwhile, three other firms have either closed or plan to close a fund each. SPDR shuttered its SPDR Long Dollar Gold Trust (GLDW) on Sept. 9, and AdvisorShares and Van Eck are both set to close funds in the coming weeks.  

The AdvisorShares Sabretooth ETF (BKCH) will have its last day of trading on Sept. 27, while the VanEck Vectors High Income Infrastructure MLP ETF (YMLI) will close on Oct. 18.

These closures, once completed, will bring the total number of closures to 95 for the year. That’s not anywhere close to last year’s record of 152 ETF closures, but keep in mind that in April 2018, Barclays’ iPath unit shuttered 50 of its ETNs, an unprecedented amount of closures from one issuer in one fell swoop.

Contact Heather Bell at [email protected]

Find your next ETF

Reset All