ETF Managers Group (ETFMG) Announces Closure of Two ETFs

Rhea-AI Summary

ETF Managers Group, LLC announced the closure of the ETFMG Prime 2x Daily Inverse Junior Silver Miners ETF (SINV) and the ETFMG Real Estate Tech ETF (HHH). This decision follows an ongoing market demand review. Effective immediately, both ETFs will increase cash holdings in preparation for liquidation, ceasing trading on NYSE Arca after July 15, 2022. Proceeds are expected to be sent to shareholders around July 20, 2022. For further information, shareholders can visit the ETFMG website.

Positive

• ETFMG is providing a structured liquidation process for affected ETFs.

Negative

• Closure of SINV and HHH indicates weak market demand for these ETFs.
• No longer accepting creation or redemption orders may impact liquidity for shareholders.
• Proceeds from liquidation may not meet investor expectations based on previous fund performance.

SUMMIT, N.J.--(BUSINESS WIRE)-- ETF Managers Group, LLC (ETFMG) announced today 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. For additional information, shareholders can visit www.etfmg.com/funds/sinv and www.etfmg.com/funds/hhh respectively.

About ETFMG

ETFMG is a provider of exchange-traded funds (ETFs), founded in 2014 with a vision of developing innovative thematic ETFs that provide investors unique exposure to new markets. Today, the ETFMG fund line up provides access to a diverse collection of global themes and is comprised of 75% first to market products. We turn portfolio management strategies into successful ETFs by partnering with market segment experts to bring long-term growth opportunities to investors. ETFMG funds are proof as to the power of the ETF wrapper and that thematic products can have a place in investors’ portfolios. To learn more about ETFMG and our portfolio of exchange traded funds please visit www.etfmg.com or follow us on LinkedIn, Twitter @ETFMG, or YouTube.

Carefully consider a Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or statutory prospectuses, available on www.etfmg.com. Please read the prospectus carefully before investing.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220628006159/en/

Deborah Kostroun

Zito Partners

(201) 403-8185

deborah@zitopartners.com

Source: ETF Managers Group, LLC

FAQ

What is the reason for the closure of ETFs SINV and HHH by ETFMG?

ETFMG closed SINV and HHH due to an ongoing review indicating low market demand.

When will SINV and HHH cease trading on NYSE Arca?

SINV and HHH will cease trading on NYSE Arca after the market close on July 15, 2022.

What will happen to shareholders after the liquidation of SINV and HHH?

Shareholders are expected to receive proceeds from the liquidation around July 20, 2022.

How can shareholders get more information about the liquidation process for SINV and HHH?

Shareholders can visit www.etfmg.com/funds/sinv and www.etfmg.com/funds/hhh for more information.

What is ETFMG?

ETFMG is a provider of thematic exchange-traded funds, founded in 2014.