August 23 (SeeNews) - Sofia-based Expat Capital said its SOFIX-based exchange-traded fund (ETF) Expat Bulgaria [BUL:BGX] has received orders on the primary market for redemption of 250,000 shares on Tuesday.
Following the redemption, the fund’s total number of shares will drop to 24.43 million, according to data posted on Expat Capital’s website.
Last week, Expat Bulgaria received orders for issuance of 40,000 shares.
Expat Bulgaria is the only ETF in Bulgaria. It tracks the performance of the main SOFIX index of the Bulgarian Stock Exchange (BSE).
As at 1525 CET on Wednesday, Expat Bulgaria shares traded 0.23% lower at 1.309 levs ($0.79/0.67 euro).
(1 euro = 1.95583 levs)