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 2x Daily Inverse Alternative Harvest ETF (MJIN) based on an ongoing review of market demand. Effective immediately, MJIN will increase its cash holdings in contemplation of liquidation and will no longer seek to implement the Fund’s principal investment strategy.
MJIN will each cease trading on the NYSE Arca and no longer accept creation or redemption orders after the market close on November 23, 2022. Proceeds of the liquidation are currently scheduled to be sent to shareholders on or about November 28, 2022. For additional information, shareholders can visit www.etfmg.com/funds/mjin.
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.