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ETFMG announces closure of two ETFs

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ETF Managers Group has announced that the Board of Trustees of the ETF Managers Trust has decided to close the ETFMG Prime 2x Daily Inverse Junior Silver Miners ETF (SINV) and the ETFMG Real Estate Tech ETF (HHH) based on an ongoing review of market demand.

Effective immediately, each of SINV and HHH will increase its cash holdings in contemplation of liquidation and will no longer seek to implement the Fund’s principal investment strategy.

 

SINV and HHH will each cease trading on the NYSE Arca and no longer accept creation or redemption orders after the market close on July 15, 2022. Proceeds of the liquidation are currently scheduled to be sent to shareholders on or about July 20, 2022.

 

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