AdvisorShares transfers Vice ETF listing to NYSE Arca
AdvisorShares is to transfer the listing of the AdvisorShares Vice ETF (ACT) from NASDAQ to NYSE Arca effective on or about 1 November, 2020. The Fund's ticker symbol will change from ACT to VICE.
Shareholders in the fund will not be required to take any action as a result of the change.
"We look forward to bringing the AdvisorShares Vice ETF to NYSE Arca where most of our actively managed ETFs are listed," says Dan Ahrens, chief operating officer of AdvisorShares and portfolio manager of the Vice ETF. "We also looking forward to introducing an investment strategy change to this fund which will allow us to invest in companies related to gaming activities, including casinos, sports betting, video games and esports. We believe combining gaming with alcohol and tobacco creates a compelling and resilient Vice investment theme. Individuals take pleasure in these types of activities during both good times and bad times, and 2020 is no different."
Investors seeking cannabis investment exposure can invest in the AdvisorShares Pure Cannabis ETF (YOLO) and the AdvisorShares Pure US Cannabis ETF (MSOS), which are both listed on NYSE Arca.