XShares closes EU Carbon Allowances fund

The ETF provider says it had carefully considered current market conditions, but concluded that it was in the best interests of the fund and its shareholders to liquidate it. It says this was a result of the lack of interest since the fund's inception, its small size, future viability and prospects for growth in the fund's assets. The fund has fewer than 300 common stock shareholders of record. The ETF closed for trading on July 31, which was also the last day on which creation unit aggregations of fund shares could be purchased or redeemed. NYSE Arca halted trading in the fund's s...