AdvisorShares, one of the largest issuers of actively manged exchange traded funds, said Wednesday options are available on the newly minted AdvisorShares New Tech and Media ETF (NYSEArca: FNG).
The AdvisorShares New Tech and Media ETF, which debuted in July, will try to generate long-term capital appreciation by investing in technology and media companies, including innovative and fast-growing technologies such as social media companies and internet retail companies. The active ETF will also concentrate its investments in the software and services industry within the information technology sector.
In a statement released after the close of U.S. markets Wednesday, Maryland-based AdvisorShares said FNG “has met listing requirements of the Chicago Board Options Exchange (CBOE) and that FNG options are now listed for trading on the CBOE. Susquehanna Securities, an affiliate of Susquehanna International Group, LLP, will act as specialist.”
The actively managed FNG is managed by David Chojnacki, a portfolio manager at Sabretooth Advisors, which has deep expertise and extensive experience in the ETF and capital markets industries.