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.
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