#United States #Dallas #Texas Stock Exchange #Hexis Capital #NICO ETF

Hexis Capital Management Shifts NICO ETF to Texas Stock Exchange

Hexis Capital Management, the advisory firm for the Hexis Active Nicotine Engagement ETF (ticker: NICO), is set to transition the ETF's primary listing from NYSE Arca to the Texas Stock Exchange (TXSE) on November 25, 2026. This move positions NICO within a rapidly expanding ecosystem of exchange-traded products on TXSE, which opened up to primary listings in September 2026.

The NICO ETF is unique as it represents the first actively managed exchange-traded fund that combines investments in the tobacco and nicotine sectors with an active engagement program designed to promote harm reduction. Pieter Vorster, the Founder and CEO of Hexis Capital Management, articulated the firm's strategy, emphasizing their commitment to innovative approaches in the market.

Reasons for the Move

The transition to TXSE is strategic. The exchange offers a Lead Market Maker program tailored for ETPs, which incentivizes market makers to provide tighter spreads, ensure quoted depth, and participate actively in opening and closing auctions. Vorster stated, "NICO pairs active stock selection in the nicotine sector with direct engagement on harm reduction and we wanted a listing partner as willing as we are to do things differently. TXSE has built a market around the needs of exchange-traded product sponsors."

This initiative is reflective of a broader trend where several ETP sponsors are seeking out listing venues that are tailored for issuers, enhancing the trading experience for both the funds and their investors. NICO's transfer is expected to create a more vibrant trading environment and improve liquidity for the fund.

What NICO Offers

NICO isn't just another healthcare ETF; it introduces a research-driven investment strategy through its proprietary Hexis Nicotine Transition Score (HNTS). This score helps the fund set improvement objectives for its holdings, distinguishing it from conventional ETFs. Despite the operational changes, the fund's investment objective, strategy, management fees, and service providers will remain unaffected, meaning investors do not need to take any action during this transition.

Hexis Capital Management is recognized for its depth of knowledge, with a team that boasts over 60 years of expertise in tobacco and consumer sector research combined with experience in ETF management. The company aims to innovate within the nicotine investment space, driven by data and social responsibility.

Conclusion

This change marks an exciting chapter not only for Hexis but also for the investment community focusing on the nicotine and tobacco markets. With increasing regulatory scrutiny and evolving market dynamics, Hexis seeks to position NICO as a forward-thinking option for investors looking to engage with this sector responsibly. As the November date approaches, both existing shareholders and potential investors will be keenly observing how the transition affects the fund's performance and market presence on TXSE.

Investors are encouraged to stay informed and consider the potential impacts of this listing change on their portfolios. Further information about the NICO ETF and its unique strategies can be found on Hexis's official website, ensuring that stakeholders remain updated in a rapidly changing market landscape.