State Street Closing OOO ETF
August 28th at 8:59am by Tom Lydon
State Street reported on Friday it plans to liquidate an exchange traded fund. The ETF provider will stop trading SPDR O-Strip (OOO) after September 13th and return the proceeds to shareholders. The decision was made based on an ongoing business review.
ETF assets are up 16.7% since the beginning of the year and State Street launched 6 ETFs this past June.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.