REX Shares announced approved closures of its ULTI and TLDR funds, with liquidation scheduled on or about November 13, 2026.
The last trading day is expected to be November 6, 2026. Remaining holders will receive cash equal to their proportionate share of each fund’s net assets at liquidation. Payment is expected within approximately 10 days afterward, on or about November 23, 2026. Shares will no longer trade on an exchange after the closing date.
REX Shares (Ticker: ULTI) appointed Matt Holcomb as Portfolio Manager for the newly launched REX IncomeMax™ Option Strategy ETF, ULTI, which launched Friday.
Holcomb will manage an active options-writing strategy across a targeted portfolio that generally holds 15 to 30 highly volatile U.S. equities (but may hold as few as five). The strategy seeks to convert market volatility into weekly income using disciplined position sizing, real-time monitoring, and dynamic adjustments to market conditions. Holcomb will also provide investor education via a dedicated X account, @BigRedOptions, as part of REX’s transparency and outreach efforts.
REX Shares (Nasdaq: ULTI) launched the REX IncomeMax Option Strategy ETF (ULTI) on October 31, 2025. ULTI is an actively managed ETF that seeks to generate weekly income by monetizing market volatility using an options strategy that dynamically adjusts to changing market conditions.
The fund typically holds 20 to 30 volatile U.S. equities, with the investment team actively managing equity exposures and option positioning as volatility and market direction shift. ULTI aims to capture options premium and translate volatility into high-frequency income while managing risk through active positioning.