Bringing you live news and features since 2006 

ETC approves share split for REX VolMAXX Short VIX Weekly Futures Strategy ETF

RELATED TOPICS​

Exchange Traded Concepts has authorised share splits for the REX VolMAXX Short VIX Weekly Futures Strategy ETF (VMIN). 

The ETC board has approved share splits for shareholders of record as of the close of business on 28 December 2016, payable after the close of trading on 29 December 2016.
 
The share splits will lower the share price and increase the number of outstanding shares. The total value of shares outstanding is not affected by a split.
 
The VolMAXX funds are the first ETFs regulated under the Investment Company Act of 1940 to offer exposure to VIX futures. The funds seek to invest in VIX futures contracts that are near to expiration, subject to overall liquidity and roll cost considerations, and intend to maintain a weighted average time to expiration of less than one month at all times.
 
Exchange Traded Concepts has served as the funds’ investment adviser since each fund’s inception. ETC is a privately-held company which provides a variety of investment services, including asset management and financial advisory services, with collective assets under management of approximately USD2.19 billion as of 5 December 2016 through exchange traded funds.
 
Vident Investment Advisory serves as sub adviser to the fund. The funds are distributed by SEI Investments Distribution, which is not affiliated with Exchange Traded Concepts or any of its affiliates.

Latest News

As the ETF industry reaches a milestone of USD12.71 trillion in global assets, Brown Brothers Harriman writes that its 2024..
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin closed last week at approximately USD66,300, marking a 7.8 per..
HSBC Asset Management’s (HSBC AM) ETF and Indexing business has passed USD100 billion in assets under management (AUM), reflecting its..
Amundi’s ETF Market Flows Analysis for April reveals that investors added EUR54.1 billion to global ETFs in April with equities..

Related Articles

Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Sean O' Hara
Pacer ETFs has announced the launch of three Cash Cows UCITS ETFs. The firm writes that this will give European...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by