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AdvisorShares to close YieldPro ETF

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AdvisorShares, a sponsor of actively managed exchange-traded funds (ETFs), is to close the AdvisorShares YieldPro ETF (YPRO).

The AdvisorShares board of trustees approved the closing and subsequent liquidation of YPRO.
 
The fund's last day of trading will be 24 October 2016, which will also be the final day for creations or redemptions by authorised participants.
 
The fund will cease operations, withdraw its assets, and distribute the remaining proceeds to shareholders on or after 31 October 2016.

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