Hedgeye Asset Management to Shut Down and Liquidate Two Main Investment Funds
Stamford, Monday, 12 October 2026.
Hedgeye Asset Management will delist two prominent exchange-traded funds on October 20, 2026, liquidating assets by October 26 and triggering taxable capital distributions for remaining shareholders.
Strategic Delisting Announced
Hedgeye Asset Management, LLC has formally declared its intention to delist and liquidate two of its equity exchange-traded funds, marking a significant operational shift for the firm [1]. The Hedgeye 130/30 Equity ETF (HELS) and the Hedgeye Index Adds ETF (ADDS) are the specific investment vehicles affected by this decision, which was announced on Monday, 12 October 2026 [1]. This move involves winding down operations for these funds, liquidating underlying assets, and returning capital to shareholders within established regulatory timelines [1].
Timeline and Trading Halts
The operational timeline for the dissolution of these funds is set to proceed rapidly over the coming weeks [1]. The funds are scheduled to voluntarily delist from NYSE Arca, Inc. on October 20, 2026, which is 8 days from the announcement date [1]. Following the delisting, the liquidation process is scheduled to conclude on October 26, 2026, representing a total duration of 14 days from the initial announcement [1].
Financial Implications for Investors
Shareholders remaining invested on the liquidation date will receive a distribution equal to the value of their remaining investment, less any applicable fund liabilities and expenses [1]. It is critical to note that the sale or liquidation of shares in the funds will constitute a taxable event [1]. Additionally, the liquidation process may incur brokerage commissions and transaction costs, which will be borne by the funds and their shareholders [1].