SonicShares Airlines, Hotels, Cruise Lines ETF
TRYP
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- DE United States of America
- IPO Date
- May 12, 2021
- CIK
- 0001742912
- Similar Companies
- Business
- SonicShares Airlines, Hotels, Cruise Lines ETF (TRYP) is an exchange-traded fund that seeks to track the performance, before fees and expenses, of the Solactive Airlines, Hotels, Cruise Lines Index. The ETF provides exposure to a global portfolio of mid-to-large capitalization companies deriving at least 50% of their revenue from the airline, hotel, and cruise line industries; these holdings include equity securities and depositary receipts listed on exchanges in countries such as the United States, United Kingdom, Spain, Japan, Australia, Brazil, Canada, and others, with allocations typically around 45% to airlines, 40% to hotels, and the balance to cruise lines. TRYP invests in both growth and value stocks across diversified market capitalizations using a full replication technique and targets investors seeking thematic exposure to the global travel and tourism recovery. Launched in May 2021 as SonicShares' debut ETF through a partnership with Tidal ETF Services and Toroso Investments, TRYP was issued under Tidal ETF Trust and listed on NYSE Arca. The fund traces its origins to SonicShares, founded around 2021 by Paul Somma with a focus on thematic exchange-traded products identifying large-scale economic trends; SonicShares is based in the United States, with related entities domiciled in Delaware. It operates within the consumer discretionary and transportation sectors, serving institutional and retail investors interested in travel-related equities amid post-pandemic demand resurgence. In a significant operational change, Tidal ETF Trust announced the termination and liquidation of TRYP on July 13, 2022, with trading ceasing on July 22, 2022, and final cash distributions to shareholders occurring around July 29, 2022. This closure followed the launch of SonicShares' second ETF, the Global Shipping ETF (BOAT), in August 2021, reflecting a strategic shift away from the travel-focused product amid market conditions. No subsequent relaunches, acquisitions, or partnerships involving TRYP have been reported, rendering the ETF inactive.