AdvisorShares, a leading sponsor of actively managed ETFs, announced that the AdvisorShares QAM Equity Hedge ETF (NYSE Arca: QEH) and the AdvisorShares Market Adaptive Unconstrained Income ETF (NASDAQ: MAUI) will close.

The AdvisorShares Board of Trustees approved the closings and subsequent liquidations of QEH and MAUI. The last day of trading for both funds will be June 23, 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 June 30, 2017.