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Stock impact report

Hurricane-themed ETF to be liquidated [FT.com - Mergermarket]

Great Lakes Dredge & Dock Corporation (GLDD) 
Last great lakes dredge & dock corporation earnings: 2/19 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: gldd.com
October 14 2024Jump to comments sectionStay informed with free updatesSimply sign up to the Digest -- delivered directly to your inbox.Latest news on ETFsVisit ourAn ETF that invests in companies involved in natural disaster recovery and prevention will be shuttered, its sponsor disclosed last week, just days after Hurricane Helene made landfall in Florida.ProcureAM, which manages the roughly $3mn Procure Disaster Recovery Strategy ETF (FIXT), filed to dissolve the fund last week following approval from its board of trustees. The fund’s last day of trading on the Nasdaq exchange will be October 17, according to a regulatory filing.“We kept this fund afloat with minimal assets under management for two years with the concept that we had high conviction in?.?.?. Unfortunately, we just didn’t see very much demand there,” said ProcureAM’s chief executive Andrew Chanin.The fund recorded net inflows of more than $732,000 between May 2022, when it was launched, and Sep Show less Read more
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