Recon Capital Partners, the Greenwich, CT based provider of exchange
traded funds (ETFs), has announced that after the close of trading on
October 14, 2015, the Recon Capital Nasdaq-100 Covered Call ETF (NASDAQ:
QYLD) will no longer be tracking the CBOE NASDAQ-100 BuyWrite Index
(Symbol: BXN) and will begin tracking the CBOE NASDAQ-100 BuyWrite V2
Index (Symbol: BXNT).
CBOE NASDAQ-100 BuyWrite V2 Index measures the total return of a
portfolio consisting of common stocks of the 100 companies included in
the NASDAQ-100 Index and call options systematically written on those
securities through a “buy-write” or covered call strategy. The BXNT
index replicates the methodology used to calculate the BXN Index, with
one exception: the written NASDAQ-100 Index covered call options are
held until one day prior to the expiration date and are liquidated at a
volume-weighted average price determined at the close. Information
regarding the index can be found at http://www.cboe.com/micro/buy-write-indexes.aspx.
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Current
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New
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ETF
Name
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Recon Capital Nasdaq-100 Covered Call ETF
(NASDAQ: QYLD)
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Recon Capital Nasdaq-100 Covered Call ETF
(NASDAQ: QYLD)
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Index
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CBOE NASDAQ-100 BuyWrite Index
(Symbol: BXN)
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CBOE NASDAQ-100 BuyWrite V2 Index
(Symbol: BXNT)
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About Recon Capital
Recon
Capital Partners, LLC, is an SEC Registered Investment Adviser
headquartered in Greenwich, CT that uses its investment expertise and
operational infrastructures to deliver market-driven, value-added
products that meet the evolving needs of global investors. Please visit ReconCapitalPartners.com
for more information.
Shares are bought and sold at market price (not NAV), are not
individually redeemable, and owners of the Shares may acquire those
Shares from the Funds and tender those Shares for redemption to the
Funds in Creation Unit aggregations only, consisting of 50,000 Shares.
You should consider the fund’s investment objectives, risks, and
charges and expenses carefully before investing. Contact Recon Capital
Advisors at 1-844-RC-FUNDS/1-844-723-8637 or visit www.ReconFunds.com
to obtain a prospectus or summary prospectus which contains this and
other information about the fund. The prospectus or summary prospectus
should be read carefully before investing.
The Funds are distributed by Foreside Fund Services, LLC, which is
not affiliated with Recon Capital Advisors, LLC or any of its affiliates.
Investment is subject to Risk.
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