21SharesNew Age Alpha to Convert NAA Allocation Fund Into ETF
New Age Alpha plans to convert the NAA Allocation Fund from a mutual fund into the newly created NAA Allocation ETF, with the reorganization expected to close around December 4, 2026.
21Shares has postponed the previously announced reverse stock split for the 21Shares 2x Long Sui ETF (TXXS). The fund will now implement a 1-for-10 reverse split after the market closes on July 6, 2026, with split-adjusted trading beginning July 7. The reverse split will reduce the number of outstanding shares by approximately 90% while increasing the ETF's per-share NAV and market price by roughly tenfold. The fund's CUSIP will also change, and any fractional shares created by the split will be redeemed for cash.
At a glance
- Beat
- Fund Updates
- Issuer
- 21Shares
- Region
- United States
- Filed
- 26 June 2026
Source: SEC Filings
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