ETF Trends
ETF Trends

Another exchange traded fund managed by financial firm Jefferies (NYSE: JEF) is shutting down as a result of low assets and trading volume, leaving the company with one ETF following recent closures.

ALPS ETF Trust late Wednesday said Jefferies | TR/J CRB Wildcatters Exploration & Production Equity ETF (NYSEArca: WCAT) will liquidate on May 2. [Jefferies Hires BNP Exec to Boost Bond ETF Trading]

The fund has assets of $9.5 million. Sometimes ETFs are forced to shut down due to lack of interest, although larger firms are generally better-positioned to support struggling funds. [Guggenheim Closes Curtain on 8 ETFs]

In December, Jefferies announced it would close two ETFs tracking global agriculture and industrial metal stocks.

The recent closures will leave the firm with one ETF: Jefferies | TR/J CRB Global Commodity Equity Index Fund (NYSEArca: CRBQ) with $89.5 million in assets under management.

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