“TrimTabs newest filing for the TrimTabs Float Shrink ETF will similarly track a quantitative index that selects companies that have a diminishing share count. Theodore “Ted” Theodore will continue to serve as portfolio manager, according to the filing,” reports Chris Dieterich for Barron’s.
TrimTabs founder Charles Biderman told Barron’s his firm started planning for its own ETF as soon as it learned it was parting ways with AdvisorShares.
California-based TrimTabs also issues the TrimTabs International Free-Cash-Flow ETF (NYSEArca: FCFI).
FCFI tracks the TrimTabs Intl Free-Cash-Flow Index, which holds international companies with the highest free cash flow yield. Free cash flow yield is calculated by dividing the amount of free cash per share a company generates by its share price.
For more information on stock buybacks, visit our buyback ETFs category.