Form 8-K - Current report

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): September 12, 2024

DYNAMIC SHARES TRUST

(Exact name of registrant as specified in its charter)

Delaware

001-40369

32-6540728

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

c/o Dynamic Shares LLC

401 W. Superior St., Suite 300

Chicago, IL 60654
(Address of Principal Executive Offices)

Registrant’s telephone number, including area code: 312-216-2890

Former name or former address, if changed since last report

Securities registered or to be registered pursuant to Section 12(b) of the Act.

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Dynamic Short Short-Term Volatility Futures ETF		WEIX		NYSE Arca, Inc.

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 3.01

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

Dynamic Shares LLC, the sponsor of the Dynamic Short Short Term Volatility ETF(“WEIX” or the “Trust”) today announced the transfer of the listing of the Trust from NYSE Arca, Inc. to the Cboe BZX Exchange, Inc. on or about September 30th, 2024.

Current shareholders of WEIX are not required to take any action, nor is the transfer expected to have any effect on the trading of the Trust’s shares.

For more information on Dynamic Short Short Term Volatility ETF, please visit our website https://dynamicsharesetf.com/.

Item 9.01

Financial Statements and Exhibits

(d) Exhibits

Exhibit No.		Description
99.1		Press Release, dated September 12, 2024.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: September 12, 2024

	DYNAMIC SHARES TRUST

	By:	/s/ Weixuan Zhang
		Weixuan Zhang
		Principal Executive Officer

Exhibit 99.1

Dynamic Shares LLC Announces Transfer of the Dynamic Short Short-Term Volatility Futures ETF to the Cboe BZX Exchange, Inc

Press Release ● Sep 12, 2024 15:50 EDT

CHICAGO, September 12, 2024 (Newswire.com) - Dynamic Shares LLC, the sponsor of the Dynamic Short Short-Term Volatility Futures ETF (“WEIX” or the “Trust”) announced today the transfer of the listing of the Trust from New York Stock Exchange (“NYSE Arca”) to the Chicago Board Options Exchange (“Cboe BZX”) on or about September 30, 2024.

Current shareholders of WEIX are not required to take any action, nor is the transfer expected to have any effect on the trading of the Trust’s shares.

For more information on Dynamic Short Short-Term Volatility Futures ETF, please visit our website https://dynamicsharesetf.com.

Investors should consider the investment objectives, risks, charges, and expenses of the Fund before investing. The prospectus contains this and other information about the Fund. A copy of the Fund’s prospectus is available at www.dynamicsharesetf.com or by calling the Fund at (312) 216-2890. The prospectus should be read carefully before investing. Current and future holdings are subject to change and risks.

An investment risk in the Fund is subject to investment risks, including the possible loss of some or the entire principal amount invested. There can be no assurance that the Fund will be successful in meeting its investment objective. Investment in the Fund is also subject to the following risks (among others): Algorithm Risk: the algorithm’s predictions concerning the movement in price of VIX Futures Contracts may not anticipate actual market movements, and these predictions may affect the return on your investment. Investment Objective Risk: The Fund seeks to achieve its investment objective even if it will cause the value of the shares to decline. Sponsor Risk: The sponsor will not materially modify the algorithm described in the prospectus after the prospected us declared effective by the SEC, even if the algorithm is unsuccessful and fails in its objective to better manage risks by causing the Fund to maintain lower notional exposure to VIX Futures Contracts during periods where such exposure would cause the Fund to incur losses and maintain similar notional exposure to VIX Futures Contracts during periods where exposure would cause the Fund to make profits. More information about these risks and others can be found in the Fund’s prospectus.

The Dynamic Short Short-Term Volatility ETF is distributed by Capital Investment Group, Inc., Member FINRA/SIPC, 100 E. Six Forks Road, Suite 200, Raleigh, North Carolina, 27809. There is no affiliation between Dynamic Shares, LLC, sponsor of the Fund, including their principals and Capital Investment Group, Inc. RCDYN0924001

Cover	Sep. 12, 2024
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Sep. 12, 2024
Entity File Number	001-40369
Entity Registrant Name	DYNAMIC SHARES TRUST
Entity Central Index Key	0001771951
Entity Tax Identification Number	32-6540728
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	c/o Dynamic Shares LLC
Entity Address, Address Line Two	401 W. Superior St.
Entity Address, Address Line Three	Suite 300
Entity Address, City or Town	Chicago
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60654
City Area Code	312
Local Phone Number	216-2890
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Dynamic Short Short-Term Volatility Futures ETF
Trading Symbol	WEIX
Security Exchange Name	NYSE
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false