ETF Managers Group (ETFMG) has announced the closure of the ETFMG 2x Daily Travel Tech ETF (AWYX) due to an ongoing review of market demand. As a result, AWYX will increase its cash holdings and cease accepting creation orders, effective immediately. The fund will also no longer implement its principal investment strategy.
ETF Newz Says:
ETFMG is a provider of exchange-traded funds (ETFs), founded in 2014 with a vision of developing innovative thematic ETFs that provide investors unique exposure to new markets.