Another exchange traded fund managed by financial firm Jefferies (NYSE: JEF - News) is shutting down as a result of low assets and trading volume, leaving the company with one ETF following recent closures.
ALPS ETF Trust late Wednesday said Jefferies | TR/J CRB Wildcatters Exploration & Production Equity ETF (NYSEArca: WCAT - News) will liquidate on May 2. [Jefferies Hires BNP Exec to Boost Bond ETF Trading]
The fund has assets of $9.5 million. Sometimes ETFs are forced to shut down due to lack of interest, although larger firms are generally better-positioned to support struggling funds. [Guggenheim Closes Curtain on 8 ETFs]
In December, Jefferies announced it would close two ETFs tracking global agriculture and industrial metal stocks.
- exchange traded fund