TrimTabs, which previously served as the sub-advisor for the AdvisorShares TrimTabs Float Shrink ETF (NYSEArca: TTFS), has filed plans with the Securities and Exchange Commission (SEC) to possibly launch its own version of that ETF after parting ways with AdvisorShares.
Last month, AdvisorShares said effective July 1, Wilshire Associates will serve as the sub-advisor for TTFS and the ETF will be renamed the AdvisorShares Wilshire Buyback ETF. “TTFS” will remain the ticker.
Related: Changes for the Float Shrink ETF
“The ETF will be managed day-to-day by Wilshire’s global investment management business unit, Wilshire Funds Management, which advises on approximately $150 billion,” according to a statement issued by AdvisorShares.