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.]
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.