AdvisorShares & TrimTabs File For “Float Shrink” ETF

AdvisorShares, fresh off its announcement declaring a partnership with TrimTabs last week, has not wasted any time putting a product in the pipeline under this new agreement. In a recent SEC filing the two sought to gain regulatory approval for a new actively managed ETF, the TrimTabs Float Shrink ETF. The proposed fund would seek to generate long-term returns in excess of the total return of the Russell 3000 Index, while also experiencing less volatility than the broad-based benchmark. The SEC filing calls for a fund that seeks to achieve its investment objective by primarily investing in the broad U.S. equity market, as represented by the Russell 3000 Index. The proposed ETF would invest in stocks with liquidity and fundamental characteristics that are historically associated with superior long-term performance. Based on historical research, Trim Tabs has come up with a quantitative stock selection rule set that will be used to [...] Click here to read the original article on ETFdb.com. Related Posts: AdvisorShares Notches Another Partnership; TrimTabs ETF Coming Up? AdvisorShares Files For Three Active ETFs Active ETF Pipeline: Previewing Some Exciting Funds On The Horizon AdvisorShares Slashes Expenses On GTAA December ETF Roundup: Launches, Filings, and Closures