VXUP, VXDN CLOSED ON 09/08/2016

Accushares, the newly-formed fund trust begun trading its first 2 ETFs: the AccuShares Spot CBOE VIX Fund Up Shares (Nasdaq: VXUP) and the AccuShares Spot CBOE VIX Fund Down Shares (Nasdaq: VXDN) on Tuesday, May 19, 2015.
Here is a synopsis of the new ETFs:

 

1.
FUND INFORMATION:

Symbol: VXUP	Exchange: Nasdaq
Name: AccuShares Spot CBOE VIX Fund Up Shares	Net Expense Ratio: 0.95%

FUND OBJECTIVE:

The AccuShares Spot CBOE VIX Fund Up Shares (VXUP or Up Class Shares) seek to provide direct exposure to the CBOE Volatility Index (VIX) over a one-month period.
The Fund tracks its Underlying Index’s changes without the need to hold any securities, futures or other financial instruments relating to its Underlying Index or the assets referenced by the Underlying Index.

2.
FUND INFORMATION:

Symbol: VXDN	Exchange: Nasdaq
Name: AccuShares Spot CBOE VIX Fund Down Shares	Net Expense Ratio: 0.95%

FUND OBJECTIVE:

The AccuShares Spot CBOE VIX Fund Down Shares (VXDN or Down Class Shares) seek to provide direct exposure to the CBOE Volatility Index (VIX) over a one-month period.
The Fund tracks its Underlying Index’s changes without the need to hold any securities, futures or other financial instruments relating to its Underlying Index or the assets referenced by the Underlying Index.

 

REFERENCE INDEX:

The CBOE Volatility Index (VIX) is a key measure of market expectations of near-term volatility conveyed by S&P 500 stock index option prices.

 

 

SPECIAL FEATURES:

Unlike other exchange traded products, the funds will engage principally in cash distributions and potentially paired share distributions to deliver to the shareholders the economic exposure to the funds’ Underlying Index. Such distributions may not represent any income or gains on the fund’s eligible assets and may represent a return of shareholder’s capital.  Each fund will issue its shares in offsetting pairs, where one constituent of the pair is positively linked to the funds’s underlying index (Up Shares) and the other constituent is negatively linked to the fund’s underlying index (Down Shares). Therefore, the fund will only issue, distribute, maintain and redeem equal quantities of Up and Down shares at all times.

Useful Links:
VXUP Home Page
VXDN Home Page