Noble Absolute Return ETF Price & Performance (NOPE)

Guardian Capital LP has announced monthly cash distributions for its suite of investment grade bond ETFs, with payments set for April 30, 2025, to holders of record as of April 24. Distribution amounts per unit range from CAD$0.0271 to CAD$0.0298, reflecting stable income options for Canadian fixed income investors.12

The Noble Absolute Return ETF (NOPE) ceased trading on August 24, 2023, with liquidation completed by August 30. Shareholders unable to exit before closure faced limited market options. The fund’s shutdown underscores the risks in niche actively managed ETFs, especially those with lower asset bases or unique strategies.34

Investors are showing increased interest in actively managed ETFs, such as those employing long-short and absolute return strategies, as inflation and higher rates challenge traditional fixed income. These funds aim to balance risk and yield, offering alternatives for those seeking more resilience than passive dividend or bond funds.5