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Bulgaria's SOFIX-based ETF receives orders to issue 50,000 shares

Bulgaria's SOFIX-based ETF receives orders to issue 50,000 shares Author: Ken Teegardin. Licence: Creative Commons.

SOFIA (Bulgaria), April 16 (SeeNews) - Expat Bulgaria SOFIX UCITS ETF [BUL:BGX], managed by Sofia-based Expat Asset Management, received on Friday orders to issue 50,000 shares, data from the management company's website shows.

Following the new issuance, the exchange-traded fund (ETF) will have a total of 25.34 million issued shares, the data shows.

Last week, the ETF received orders to redeem 79,200 shares.

In January, Expat Bulgaria SOFIX UCITS ETF started trading on the Frankfurt Stock Exchange. The ETF is also listed on the Bulgarian Stock Exchange.

Expat Bulgaria SOFIX UCITS ETF is the first ETF in Bulgaria. It tracks the performance of the main SOFIX index of the BSE.

Expat Asset Management is a unit of Bulgaria's Expat Capital.

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