Bats Welcomes TrimTabs as a New Issuer to the Bats ETF Marketplace

Bats Global Markets, Inc. welcomed TrimTabs as a new issuer to the Bats ETF Marketplace with the launch of a new fund…

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The issue is the TrimTabs Float Shrink ETF, 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.
 
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.” 
 
“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,” said Charles Biderman, Founder and CEO of TrimTabs Asset Management. 
 
“The proprietary algorithm is the secret sauce that helps implement the Fund’s active methodology,” said Ted Theodore, Portfolio Manager at TrimTabs Asset Management.
 
Bats executed 24.1% of U.S. ETF trading in August and has been the #1 U.S. market for ETF trading for every month of 2016. In addition, the company has won 26% of all new U.S. ETF listings this year, through August, vs 9% for all of 2015.   

As of today, there are 19 issuers with a combined 103 ETFs listed in the U.S. on the Bats ETF Marketplace.  

Source: ETFWorld.com

WMCR
Wilshire Micro-Cap ETF (based on the Wilshire US Micro-Cap Index)