Rhea-AI Summary
Exchange Traded Concepts has announced the termination and liquidation of the Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (NYSE:UTRN). The fund will cease operations and liquidate on March 28, 2025.
Key dates include:
- March 24, 2025: Fund closes to new creation units
- March 25, 2025: Last trading day on NYSE Arca
- March 28, 2025: Final liquidation and cash distribution to shareholders
During the liquidation process, the fund will be managed to facilitate orderly closure, potentially deviating from its stated investment strategy. Shareholders will receive pro-rata cash distributions, which will be considered taxable events. The fund's final NAV will reflect liquidation costs.
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FAQ
What is the current stock price of Vesper US Large Cap Short-Term Reversal Strategy ETF (UTRN)?
Vesper US Large Cap Short-Term Reversal Strategy ETF (UTRN) last closed at $29.22.