4 ms·
$98 per share to $97 per share.
by ProjectArcturis 4y ago
$98 per share to $97 per share.
- browningstreet 4y agoThis reader is still hoping for an explanation of the significance.
- shubhamkrm 4y agoI assume the point the GP is making is that it's not at all significant.
- bjornsing 4y agoWell the OP says the retail rate went from 5.5% to 6% as a consequence. Not very significant either, right? Surprise comes from data that violates your expectations. I guess it’s mostly a matter of expectations here. Also, ETF buyers are probably less knowledgeable / professional / sophisticated than buyers of the underlying asset.
- ProjectArcturis 4y agoThe ETF has a redemption mechanism that keeps its trading price aligned with the underlying net asset value. Thus, the sophistication of the ETF buyers is irrelevant.
- bjornsing 4y agoGood point.