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ETF Managers Group (ETFMG) Announces Closure of ETF
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ETF Managers Group, LLC (ETFMG) announced the closure of ETFMG Sit Ultra Short ETF (VALT) due to market demand. VALT will increase cash holdings and cease its principal investment strategy by August 25, 2023, with trading suspension on NYSE Arca. Shareholders will receive liquidation proceeds.
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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 Sit Ultra Short ETF (VALT) based on an ongoing review of market demand. Between now and August 25, 2023, VALT will increase its cash holdings in contemplation of liquidation, and will no longer seek to implement the Fund’s principal investment strategy.
Trading will be suspended on the NYSE Arca at the closing of the market on August 25, 2023. Proceeds of the liquidation are scheduled to be sent to shareholders on or about August 29, 2023. For additional information, shareholders can visit www.etfmg.com/funds/valt.
