---
title: "USCF's board approves five fund liquidations, and two Hedgeye funds file to close"
url: "https://etf.net/news/uscf-s-board-approves-five-fund-liquidations-and-two-hedgeye-funds-file-to-close-2026-10-09"
published_at: "2026-10-09T23:30:49.333Z"
updated_at: "2026-10-09T23:30:49.333Z"
byline: "ETF.net Research"
---

# USCF's board approves five fund liquidations, and two Hedgeye funds file to close

Shareholders can still sell USCF's battery metals fund on the exchange through Monday, October 19.

By ETF.net Research. Published Oct 9, 2026.

On Friday, October 9, USCF, an asset manager, said the board of USCF ETF Trust had approved the liquidation of five funds. The same day, ETF Opportunities Trust filed to liquidate two funds advised by Hedgeye Asset Management.

A holder can still buy or sell on NYSE Arca, the exchange where the shares trade, through each fund's last trading day. After that day the shares do not trade there. Anyone left in the fund is paid in cash on a later date, which each filing sets.

USCF set a different last trading day for each of the five, and the first is Monday, **October 19**. For each fund, trading on NYSE Arca stops before the open on the day after that last trading day, and USCF's filings say there is then no market for the shares. Holders who stay are paid at net asset value, the per-share value of what the fund owns, on or about the cash date below.

Table: Fund, Last trading day on NYSE Arca, Cash, on or about

Together the five had $18.9 million in assets on Friday. The largest, the USCF Gold Strategy Plus Income Fund, ETF:USG, had $9.5 million.

The supplements filed Friday for each of the five say the cash includes any capital gains and dividends, that remaining holders pay no transaction fee, and that the payout is generally a taxable gain or loss.

Each of the five will hold more cash before that payout, and that cash may not match the fund's strategy.

Selling on the exchange before trading stops can mean a brokerage charge.

## Two Hedgeye funds leave the exchange on October 20

The two funds are part of ETF Opportunities Trust, and Hedgeye Asset Management advises them. The trust's board voted Friday to close both.

Shareholders can still buy and sell on NYSE Arca through the close of regular trading on Tuesday, **October 20**, the last trading day. After that close the shares will not trade on the exchange. The supplements do not promise that a holder can sell after that.

Cash is expected on or about Monday, **October 26**. A holder still in either fund then receives the remaining value, after the fund pays what it still owes. Selling before then, or taking that cash, is generally a taxable event.

Hedgeye Asset Management recommended both plans. The supplements say the reason is the cost of running the funds, and that the adviser no longer wants to cover those costs. The board concluded that liquidation is in the best interests of each fund and its shareholders.

The Hedgeye 130/30 Equity ETF, ETF:HELS, can put up to 130% of its money into stocks it owns and up to 30% into stocks it has bet against. The net stake in U.S. stocks averages about 100%. It began operating on December 11, 2025, and had $16.6 million in assets on Friday.

The Hedgeye Index Adds ETF, ETF:ADDS, buys U.S. stocks it expects to rise once they join major indexes. It began operating on May 28, 2026, and had $7.2 million in assets.

From the October 20 close until the cash date, each fund may hold more cash and will not follow its investment objective. Brokerage from selling the portfolio, and the other costs of shutting down, come out of the fund.

A holder of any of the seven funds can sell on the exchange through the last trading day, or stay for the cash.

## Two new funds were registered Thursday

On Thursday, October 8, registrations became effective for two new funds.

Global X Funds registered the Global X Asia Semiconductor ETF, ETF:ACHP. The fund seeks the price and yield of the Global X Asia Semiconductor Index, before fees and expenses. The prospectus puts total annual fund operating expenses at 0.50%, calls the fund new, and names Nasdaq as the listing exchange.

Tidal Trust II registered the YieldMax SKHY Option Income Strategy ETF, ETF:YSKH. SKHY is the Nasdaq ticker for the U.S. listing of SK Hynix, and the fund seeks current income. The prospectus lists a management fee of 0.99% and total annual fund operating expenses of 1.01%.

Source: etf.net, https://etf.net/news/uscf-s-board-approves-five-fund-liquidations-and-two-hedgeye-funds-file-to-close-2026-10-09. Please cite the page URL.