Arrow Reverse Cap 500 ETF
YPS
Chicago Board Options Exchange- -
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
- United States of America
- IPO Date
- Nov 2, 2017
- Similar Companies
- Business
- Arrow Reverse Cap 500 ETF (YPS) is an exchange-traded fund that seeks to track the performance, before fees and expenses, of the Reverse Cap Weighted U.S. Large Cap Index, a rules-based, reverse capitalization-weighted index comprised of the constituents of the S&P 500 Index. The fund invests in growth and value stocks of approximately 500 large-cap U.S. companies, with portfolio weightings inversely proportional to their market capitalizations to emphasize smaller constituents within the S&P 500 universe; it provides exposure to leading industries across the U.S. economy through daily rebalanced holdings. Launched on October 31, 2017, and managed by Arrow Funds under Arrow Investments Trust, the ETF was headquartered in Laurel, Maryland. The fund's expense ratio stands at 0.29%, with assets under management peaking around $9 million prior to closure; it distributed annual dividends, including $0.70 in the trailing twelve months and a final payout of $0.0251 ex-dividend February 23, 2024. Targeted at investors seeking an alternative weighting strategy to traditional market-cap approaches for potential enhanced returns from underweighted smaller large-cap stocks, YPS operated on the Cboe BZX exchange. In a significant operational change, Arrow Funds suspended trading of YPS on February 27, 2024, prior to market open, following announcement of its delisting and liquidation; proceeds from the liquidation were distributed to shareholders shortly thereafter, marking the ETF's closure as of March 1, 2024. No recent partnerships, funding rounds, acquisitions, or new product launches were associated with YPS or its issuer in the last 1-2 years; the fund's termination reflects broader trends in ETF rationalization amid low assets and inactivity.