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AdvisorShares DIVI ETF to remain open

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Actively-managed exchange traded fund (ETF) sponsor AdvisorShares’ Athena High Dividend ETF (DIVI) will no longer close and liquidate as previously announced on 13 March 2017.

Instead, the ETF will remain open.
 
"While our original intention was to close DIVI, we have elected to keep the ETF open," says Noah Hamman, chief executive officer of AdvisorShares.
 
The AdvisorShares board of trustees has approved the rescinding of the liquidation plan and the fund will continue to operate on an ongoing basis.

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