AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), announced that the AdvisorShares Global Echo ETF (NYSE Arca: GIVE) and the AdvisorShares Morgan Creek Global Tactical ETF (NYSE Arca: GTAA) will close. The AdvisorShares Board of Trustees approved the closing and subsequent liquidation of GIVE and GTAA.

The last day of trading for both funds will be May 12, 2017, which will also be the final day for creations or redemptions by authorized participants. The funds will cease operations, withdraw their assets, and distribute the remaining proceeds to shareholders on or after May 19, 2017.