Texas, Oklahoma ETFs to Close
September 16th 2010 at 1:00am by Tom Lydon
Two state-focused exchange traded funds (ETFs) – a first of their kind – announced that they’re closing at the end of this month.
Less than a year after the Spade Oklahoma Index (NYSEArca: OOK) launched, a lack of market interest has caused Geary Advisors to shutter the ETF. The fund launched last October. [OOK Was Another Way to Play Natural Gas.]
Also going the way of the dinosaurs is the Texas Large Companies ETF (NYSEArca: TXF) which gave investors access to large-cap Texas-based publicly traded companies. [Say Howdy to Texas ETF.]
The last day of trading for both funds will be Sept. 24. On Sept. 30, all assets in the funds will be sold and distributed to shareholders remaining. [Your ETF Is Closing. Now What?]
Tisha Guerrero contributed to this article.
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.
