MacroShares Shutters UMM, DMM
December 28, 2009 at 12:36 PM EST
Today is the last day of trading for the two exchange-traded products from MacroShares, following an announcement from the company that the MacroShares Major Metro Housing Up Trust (UMM) and MacroShares Major Metro Housing Down Trust (DMM) had reached an early termination trigger by failing to accumulate at least $50 million in assets. The registration [...] Related Stories: MacroShares Goes Bust: Will They Be Back? Checking In On MacroShares Housing ETFs Case-Shiller Gives Upbeat Outlook, MacroShares ETFs On The Move