Defiance Announces Fund Closure
NEW YORK, Oct. 22, 2021 /PRNewswire/ -- Defiance ETFs announced today that the Board of Trustees of ETF Series Solutions (the "Trust") has determined to close and liquidate the Defiance Nasdaq Junior Biotechnology ETF (NASDAQ:IBBJ) (the "Fund") effective immediately after the close of business on December 3, 2021. Defiance ETFs recommended the liquidation and closure of the Fund after consideration of the Fund's prospects for growth, among other factors.
The Fund's last day of trading will be December 2, 2021, which will also be the final day for creation unit orders by authorized participants. The Fund will conclude operations and distribute the remaining proceeds to shareholders promptly a