GraniteShares has announced the closure and liquidation of the GraniteShares 1x Short TSLA Daily ETF (Ticker: TSLI). The board of GraniteShares ETF Trust approved the liquidation on May 19, 2023. The last day of trading for the ETF on NASDAQ Stock Market will be June 16, 2023, and creation orders will be accepted until June 14, 2023. Investors can sell their shares until market close on June 16, 2023.
After the ETF commences the liquidation process, its portfolio may hold cash and securities that do not align with the ETF’s original investment objectives and strategies. Once the liquidation is complete, the ETF shares will be individually redeemed.