Vesper U.S. Large Cap Short-Term Reversal Strategy ETF
UTRN
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- DE United States of America
- IPO Date
- Sep 21, 2018
- CIK
- 0001452937
- Website
- vesperglobal.com
- Similar Companies
- Business
- Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN) is an exchange-traded fund that seeks to track the performance of an equal-weighted index comprising 25 large-cap U.S. stocks selected from the S&P 500 or Solactive 500 based on a proprietary short-term reversal methodology, including the Chow Ratio developed by Professor Victor Chow; the fund rebalances weekly to capture stocks exhibiting sharp prior-week declines with rebound potential, invests at least 80% of net assets in such large capitalization securities, and incorporates gross reinvested dividends. Launched on September 20, 2018, and headquartered in the United States with management by Exchange Traded Concepts LLC under the Vesper brand, UTRN targets institutional and individual investors pursuing quantitative, rules-based strategies in the large cap blend equities segment, with geographic exposure focused exclusively on U.S. and developed markets (including minor Ireland-domiciled holdings). The fund maintains full holdings transparency, an expense ratio of 0.75%, and annual distributions taxed as qualified dividends without K1 reporting. In a significant operational change, Exchange Traded Concepts announced the termination and liquidation of UTRN on March 4, 2025, with trading ceasing on or about March 25, 2025, and final liquidation on or about March 28, 2025, following board approval due to careful consideration of fund viability; prior to closure, the fund held approximately $12.32 million in net assets, shifted to highly liquid assets like cash (100% allocation noted in late data), and exhibited YTD returns of -3.65% as of early 2025 amid a large blend category context. No recent partnerships, funding rounds, acquisitions, or new product launches were reported for Vesper or the fund in the last 1-2 years, with operations centered on the core reversal strategy without noted subsidiaries or parent relationships beyond the adviser structure.