Active Alts Contrarian ETF (NASDAQ:SQZZ) Rings the NASDAQ Closing Bell to Celebrate Being the First Active ETF of Its Kind
October 24 2017 - 9:15AM
Business Wire
Today the Active Alts Contrarian ETF (SQZZ), a first of its kind
actively managed exchange-traded fund, rings the closing bell at
the NASDAQ Stock Market. The fund’s principal investment strategy
is to seek capital appreciation by purchasing companies that it
believes are subject to a short squeeze. In turn, the fund lends
the hard-to-borrow securities to generate income. SQZZ is managed
by Strategy Shares, who already has a solid history of sub advising
and raising funds for Active ETF products. This fund, which began
trading on NASDAQ in March of this year, brings hedge fund level
expertise to investors in the form of an actively managed,
alternative style ETF.
“SQZZ is the first ’40 Act fund to employ the novel strategy of
capitalizing on ‘short squeeze’ opportunities,” said Portfolio
Manager Brad Lamensdorf. “The fund also seeks to generate income by
receiving interest for lending securities.”
The SQZZ ETF portfolio manager screens securities that are
highly shorted to seek unexpected values. In June 2017, SQZZ’s
board of directors reduced the management fee to 1.25%*,
implemented a higher lending capability, and transitioned to a
quarterly dividend payout.
The fund is wholesaled by ETF Managers Group (ETFMG) of Summit,
N.J., who has a proven track record of raising 2 billion in assets
through its wholesale efforts.
For more information on Active Alts Contrarian ETF (SQZZ)
contact ETF Managers Group: info@etfmg.com
* The Gross Expense Ratio is 3.11%; and the Net Expense Ratio is
1.95%, which will contractually remain in effect until at least
August 31, 2018.
About The Active Alts Contrarian ETF (NASDAQ; SQZZ)
The Active Alts Contrarian ETF (NASDAQ; SQZZ), a
first-of-its-kind actively managed ETF, seeks capital appreciation
by investing in companies with solid fundamentals that have very
large short positions and are subject to a short squeeze. As a
secondary investment strategy, the ETF hedges its portfolio by
lending out these hard-to-borrow securities in an effort to earn a
stream of interest income payments.
About ETF Managers Group (ETFMG)
ETFMG is a leading Exchange Traded Funds (ETF) private label
services company. ETFMG offers a full range of ETF product services
to the asset management community including commodity pool ETPs as
well as both active and passive ETF funds. The services provided
include product operations, regulatory, financial and compliance
management. ETF Managers Group offers active marketing and
dedicated wholesale services for all ETF product types. For more
information on ETF Managers Group visit www.etfmg.com.
Before investing you should carefully consider the Fund’s
investment objectives, risks, charges and expenses. This and other
information is in the prospectus, a copy of which may be obtained
by visiting the Fund’s website at www.activealts.com
Please read the prospectus carefully before you invest.
There is no guarantee that the Fund will achieve its investment
objective. An investment in the Fund is subject to risk, including
the possible loss of principal amount invested. The Fund may invest
in (or short) ETFs, ETNs and ETPs.
The Fund’s investment strategy seeks to invest in stocks in
which a significant amount of market participants have taken short
positions, when the market participants believe the value of these
stocks will decline in the future. If these market participants are
correct, the value of stocks in which the Fund invests will
decrease, and the Fund will lose money on its investments.
Due to the practice of lending securities, the Fund may lose the
opportunity to sell some of its securities at a desirable
price.
The Fund’s portfolio is actively managed, and will likely have a
higher portfolio turnover rate than non-actively managed
portfolios.
The Fund is distributed by Foreside Fund Services, LLC, which is
not affiliated with ETFMG.
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version on businesswire.com: http://www.businesswire.com/news/home/20171024006081/en/
Stern & Co.Richard Stern,
212-888-0044richstern@sternco.com
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