REX to Shut Down and Liquidate ULTI and TLDR ETFs
ULTI is trading near its 52-week low of $5.222 (3.4% above the low).
Summary
REX's board approved closing and liquidating the REX IncomeMax Option Strategy ETF (ULTI) and the Laddered T-Bill ETF (TLDR), citing a regular review of assets, trading activity and long-term viability. ULTI stops trading at the close on November 6, 2026, with liquidation on or about November 13 and cash distributions expected around November 23. The adviser is waiving ULTI's management fee from October 23 through the liquidation date, and ULTI will unwind its options positions and move to cash. For holders, the exit is forced: sell before the November 6 close or wait for the liquidating distribution, which may be more or less than the exchange price. The fund's small asset base and thin trading made it unviable, and the stock is already near its 52-week low.
At the time of this announcement, ULTI was trading at $5.40 on NASDAQ in the Finance sector. The 52-week trading range was $5.22 to $26.50. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: BusinessWire.