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


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.

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