The ETF issuer EA Series Trust has just announced that the Merlyn.AI Tactical Growth and Income ETF (SNUG) and the Merlyn.AI Best-of-Breed Core Momentum ETF (BOB) will be liquidating and shutting down. According to EA Series Trust, the closure comes as the funds were unable to attract client investments effectively. The EA Series Trust’s Board of Trustees concluded the closing the two funds would be in the best interest of investors and themselves.
ETF Newz Says:
BOB will no longer be available on the CBOE BZX Exchange and the same for SNUG on the Nasdaq, effective November 18, 2022.
