Exchange Traded Concepts Announces NAV error in the REX VolMAXX™ ETFs
OKLAHOMA CITY, May 18, 2016 /PRNewswire/ -- Exchange Traded Concepts, LLC today announced that the previously disclosed per share net asset values (NAV) of the REX VolMAXX™ Exchange Traded Funds set forth in the table for May 12, May 13, and May 16, 2016 contained errors greater than 1%. The errors resulted from a technical malfunction at our third party administrator, SEI Investments Company.
| Fund Name |
Ticker |
Exchange |
CUSIP |
Date |
Incorrect NAV |
Correct NAV |
| REX VolMAXX™ Long VIX |
VMAX |
Bats Global |
301505848 |
5/12/2016 |
24.11 |
24.06 |
| Weekly Futures Strategy ETF |
Markets |
5/13/2016 |
24.80 |
24.90 |
||
| 5/16/2016 |
24.09 |
23.80 |
||||
| REX VolMAXX™ Inverse VIX |
VMIN |
Bats Global |
301505830 |
5/12/2016 |
25.71 |
25.76 |
| Weekly Futures Strategy ETF |
Markets |
5/13/2016 |
24.94 |
24.84 |
||
| 5/16/2016 |
25.61 |
25.92 |
Exchange Traded Concepts, LLC has served as the Funds' investment advisor since each Fund's inception. ETC is a privately-held company which provides a variety of investment services, including asset management and financial advisory services, with collective assets under management of approximately $2 billion as of May 16, 2016 through exchange traded funds.
SOURCE Exchange Traded Concepts, LLC
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