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 will implement a 1-for-10 reverse stock split for the 21Shares 2x Long Sui ETF (TXXS) after the market closes on July 2, 2026, with split-adjusted trading beginning July 6. The reverse split will reduce outstanding shares by approximately 90% while increasing the ETF's per-share NAV and market price by roughly tenfold. The fund's investment value will remain unchanged, and its CUSIP will change as part of the corporate action.
At a glance
- Beat
- Fund Updates
- Issuer
- 21Shares
- Region
- United States
- Filed
- 6 July 2026
Source: SEC Filings
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