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 Junior Silver Miners ETF (SILX) based on an ongoing review of market demand. Effective immediately, SILX will increase its cash holdings in contemplation of liquidation, will no longer accept creation orders, 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 July 13, 2023. Proceeds of the liquidation are scheduled to be sent to shareholders on or about July 17, 2023. For additional information, shareholders can visit www.etfmg.com/funds/silx.
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.