On Wednesday, TrimTabs launched the TrimTabs Float Shrink ETF under the ticker (BATS: TTAC). TTAC has a 0.59% expense ratio.
Investors who are getting a sense of déjà vu should recognize the fund as the AdvisorShares Wilshire Buyback ETF (NYSEArca: TTFS) use to be called the AdvisorShares TrimTabs Float Shrink ETF before the sub-advisor was switched back in July 1.
The new TrimTabs FLoath Shrink strategy will bring its proven proprietary algorithmic approach to ETF investors.
“The proprietary algorithm is the secret sauce that helps make the whole thing tick, helping us implement the Fund’s active methodology,” Ted Theodore, Portfolio Manager at TrimTabs Asset Management, said in a press release.