--- title: "Opportunistic Trader ETF will stop trading at the close on Nov. 17" url: "https://etf.net/news/wzrd-to-stop-trading-and-liquidate-2026-11-10" published_at: "2026-11-10T00:36:24.047Z" updated_at: "2026-11-10T00:36:24.047Z" byline: "ETF.net Research" --- # Opportunistic Trader ETF will stop trading at the close on Nov. 17 The fund expects to liquidate on or about Nov. 20, while Lyrical says its two value mutual funds converted to ETFs on Monday. By ETF.net Research. Published Nov 9, 2026. ETF Opportunities Trust's Opportunistic Trader ETF, WZRD, will stop trading on Cboe BZX, where it is listed, after the close on **Nov. 17**, 2026. The trust expects to liquidate the fund on or about **Nov. 20**. A [supplement dated Nov. 9](https://www.sec.gov/Archives/edgar/data/1771146/000177114626002251/etfopps-opportunistictrade.htm) is the notice. It is the only fund set to close in U.S. Securities and Exchange Commission filings dated Nov. 6 and Nov. 9. The board approved a plan of liquidation on Nov. 5. After the Nov. 17 close, the fund is closed to new and additional investment and will de-list. From then until the liquidation, shares will not trade on Cboe BZX, and the supplement says there can be no assurance of a market for them. Shareholders still in the fund on the liquidation date receive a distribution of their remaining investment value after certain liabilities are paid. Selling before then, or taking that distribution, is generally a taxable event. Tuttle Capital Management, the adviser, and OT Advisors, the sub-adviser, recommended the plan. The supplement says they cited limited prospects for meaningful future asset growth, the ongoing cost of managing the fund, and their desire to no longer subsidize expenses. The board concluded that liquidation is in the best interests of the fund and its shareholders. The fund began operating on June 25, 2025. From Nov. 17 to the liquidation, the fund may hold more cash and will deviate from its investment objective. Brokerage costs from selling the portfolio, and other expenses of the liquidation, fall on the fund and its shareholders. The supplement treats those other expenses as extraordinary. ## Lyrical's value funds are now ETFs Lyrical Asset Management says the reorganizations were completed on Nov. 6, and that the mutual funds converted to exchange-traded funds on Nov. 9. On the firm's [fund page](https://lyricalam.com/etfs/), institutional shares of the U.S. fund, LYRIX, are now Ultimus Managers Trust's Lyrical U.S. Value Equity ETF, LYR. Institutional shares of the international fund, LYRWX, are now the Lyrical International Value Equity ETF, LYRI. Both traded Monday. LYR closed at $32.73 on 4,353 shares. LYRI closed at $15.34 on 160 shares. The [U.S. summary prospectus](https://www.sec.gov/Archives/edgar/data/1545440/000158064226007558/lyrical-usve_sumpro.htm) and the [international summary prospectus](https://www.sec.gov/Archives/edgar/data/1545440/000158064226007557/lyrical-intlvee_sumpro.htm), both filed Nov. 6, state a total annual operating expense of 0.75% and say the mutual fund had a different fee structure. Shareholders were not asked to vote. An [Aug. 14 supplement](https://www.sec.gov/Archives/edgar/data/1545440/000158064226005328/lyricalfunds497.htm) said they are not required to approve the reorganizations and will not be asked to vote. It also said certain other share classes would convert to institutional shares on or around Nov. 2. The [Sept. 30 information statement](https://www.sec.gov/Archives/edgar/data/1545440/000158064226006560/lyricalusetf_n-14.htm) for the U.S. fund, and the [statement](https://www.sec.gov/Archives/edgar/data/1545440/000158064226006587/lyricalintetf-n14_497.htm) for the international fund, said holders who kept shares directly with the fund, and holders whose brokers could not accept ETF shares and who had not moved by Nov. 5, would be liquidated that day and paid cash at net asset value rather than receive ETF shares. ## New-fund amendments filed Friday On Nov. 6, Tidal Trust II, Themes ETF Trust and Yorkville America Investment Trust filed post-effective amendments that propose to become effective immediately. The trusts certify that the amendments meet the conditions for that. Each prospectus says the fund has not commenced operations. The Defiance funds seek twice the daily move of Anthropic common stock, and twice the inverse of that move. The prospectuses identify the stock as Nasdaq: ANT. The YieldMax fund seeks option income on the same stock. Themes filed a memory fund and an optical fund. Yorkville filed a bitcoin and ether momentum index fund. Table: Fund, Stated annual expenses The three Tidal figures include an estimated 0.02% of other expenses. Elevation Series Trust also filed Friday for the Vulcan Value Partners ETF, VVPL. The [amendment](https://www.sec.gov/Archives/edgar/data/1936157/000199937126024848/vvpl-485bpos_110626.htm) proposes to become effective on Nov. 10. The prospectus names Cboe BZX as the listing exchange and describes a reorganization of the Vulcan Value Partners Fund into the ETF on Nov. 18, at a unitary management fee of 0.75%. ## Leuthold asks to deregister Leuthold Funds Inc. filed a [Form N-8F](https://www.sec.gov/Archives/edgar/data/1000351/000089706926001899/leutholdfundsinc-formn8f.htm) on Nov. 6 asking the SEC to take the company off its books after a merger. The form says each reorganization into a corresponding series of Managed Portfolio Series was completed on Jan. 21, 2025. It says the company has distributed all of its assets, has none left, and that no shareholder is still waiting for a distribution. The series named in the application are the Leuthold Core Investment Fund, the Leuthold Global Fund, the Leuthold Select Industries Fund, the Leuthold Grizzly Short Fund and the Leuthold Core ETF. Managed Portfolio Series is the surviving registrant. ## Updated summary prospectuses The other Friday filings are summary prospectuses. They do not announce a liquidation or a conversion. Table: Fund, Dated Source: etf.net, https://etf.net/news/wzrd-to-stop-trading-and-liquidate-2026-11-10. Please cite the page URL.