Hedgeye to Liquidate Index Adds ETF (ADDS) Less Than Five Months After Launch

Hedgeye Asset Management plans to liquidate the Hedgeye Index Adds ETF (ADDS) just five months after its May 28, 2026, launch. According to an October 9 filing, the fund's board approved the closure following a recommendation from the adviser, citing ongoing operating costs and its decision to stop subsidizing expenses. ADDS will cease trading on NYSE Arca and stop accepting creation orders after October 20, with liquidation expected around October 26. During the wind-down period, the fund may increase cash holdings and deviate from its investment strategy. Shareholders who retain their positions through liquidation will receive cash distributions representing their remaining investment value after liabilities and liquidation expenses. The closure highlights the financial challenges facing smaller ETFs when operating costs become difficult to sustain.