Exchange Traded Concepts to Close and Liquidate Range Global Offshore Oil Services Index ETF (NYSE: OFOS)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 23 2025
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Source: Newsfilter
Fund Liquidation Announcement: Exchange Traded Concepts Trust has approved the termination and liquidation of the Range Global Offshore Oil Services ETF, with operations expected to cease around June 20, 2025. Shareholders will receive cash distributions, which are taxable events.
Investment Risks: The Fund's investments are subject to significant risks including volatility in the energy sector, regulatory challenges, and potential losses from currency fluctuations, as well as the inherent risks associated with offshore oil services companies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
