Monday, July 15, 2024
HomeNewsBusiness WireETF Managers Group (ETFMG) Announces Closure of Inverse ETF

ETF Managers Group (ETFMG) Announces Closure of Inverse ETF

SUMMIT, N.J.–(BUSINESS WIRE)–ETF Managers Group, LLC (ETFMG) announced today that the Board of Trustees of the ETF Managers Trust has decided to close the ETFMG 2x Daily Inverse Alternative Harvest ETF (MJIN) based on an ongoing review of market demand. Effective immediately, MJIN will increase its cash holdings in contemplation of liquidation and will no longer seek to implement the Fund’s principal investment strategy.

MJIN will each cease trading on the NYSE Arca and no longer accept creation or redemption orders after the market close on November 23, 2022. Proceeds of the liquidation are currently scheduled to be sent to shareholders on or about November 28, 2022. For additional information, shareholders can visit


ETFMG is a provider of exchange-traded funds (ETFs), founded in 2014 with a vision of developing innovative thematic ETFs that provide investors unique exposure to new markets. Today, the ETFMG fund line up provides access to a diverse collection of global themes and is comprised of 75% first to market products. We turn portfolio management strategies into successful ETFs by partnering with market segment experts to bring long-term growth opportunities to investors. ETFMG funds are proof as to the power of the ETF wrapper and that thematic products can have a place in investors’ portfolios. To learn more about ETFMG and our portfolio of exchange traded funds please visit or follow us on LinkedIn, Twitter @ETFMG, or YouTube.

Carefully consider a Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or statutory prospectuses, available on Please read the prospectus carefully before investing.


Deborah Kostroun
Zito Partners

(201) 403-8185


Caribbean News

Antigua – Barbuda PM condemns attack on Donald Trump

WASHINGTON, USA - Antigua and Barbuda Prime Minister, Gaston Browne, has condemned the attack on former US President Donald Trump by a person who...

Global News

Dig deep to aim high: How to use mining to unlock Mauritania’s potential

- These are exciting times in Mauritania. This nation connecting West and North Africa is transforming its economy through mining, green hydrogen, and natural...