Bats Global Markets, Inc. (Bats: BATS) has welcomed TrimTabs as a new issuer to the Bats ETF Marketplace with the launch of a new fund. The issue is the TrimTabs Float Shrink ETF (Bats: TTAC), which seeks to generate long-term returns in excess of the total return of the Russell 3000 Index with a focus on free cash flow. Additional information is available at trimtabsfunds.com.
Laura Morrison, Senior Vice President, Global Head of Exchange-Traded Products, at Bats, said:
We welcome the TrimTabs team and TTAC to the Bats ETF Marketplace and look forward to working with them to grow this fund as well as future products.”
Charles Biderman, Founder and CEO of TrimTabs Asset Management added:
With TTAC, TrimTabs is bringing its proven proprietary algorithmic approach to a new ETF and we’re extremely excited to be able once again to offer our proven methodology to investors.”
Bats executed 24.1% of U.S. ETF trading in August. As of today, there are 19 issuers with a combined 103 ETFs listed in the U.S. on the Bats ETF Marketplace.