- ETF的价格收敛于其NAV -当basket securities的市价 > ETF市价,ETF被低估,AP在二级市场卖basket securities,买 ETF shares,对ETF的价格产生向上的压力 ==> redemption - 当basket securities的市价 < ETF市价,ETF被高估(trading at premium),AP在二级市场买basket securities,卖ETF shares,对证券价格产生向上的压...
Bond ETFs trading at a premium (discount) to NAV experience more creations (redemptions) than those trading at parity. When these transactions occur, subsequentdoi:10.3905/jfi.2017.27.1.049Jon A. FulkersonSusan D. JordanDenver H. TravisInstitutional Investor Journals UmbrellaSocial Science Electronic ...
NAV $32.84 NAV Change +0.41 Market Price $32.67 Market Price Change -0.02 Day's Trading Volume 248 Shares Median BID/ASK Spread (30 Day) 0.19% (as of 05/09/2025) Premium Discount -0.52% Number of days at Premium/Discount 20252024 Q2Q1 Premium 18 36 173 Discount 10 24 73 ...
The lower the trading volume, often the larger the spread between the bid and ask. A large spread could mean you'd have to take a discount on your sale or pay a premium on your buy. Your other option: waiting for the spread to narrow before you trade. Lack of customization Because ...
NAV as of May 16, 2025$121.16 52 WK: 112.01 - 149.39 1 Day NAV Change as of May 16, 20251.92 (1.61%) NAV Total Return as of May 15, 2025YTD:-9.71% Fees as stated in the prospectusExpense Ratio: 0.45% WhyIBB? 1. Exposure to U.S. companies in the biotechnology industry ...
1 Day NAV Change as of May 02, 20250.24 (0.43%) NAV Total Return as of May 01, 2025YTD:3.02% Fees as stated in the prospectusSponsor Fee: 0.25% Overview Performance & Distributions Key Facts Fees Holdings Literature WhyIBIT? 1. Access:IBIT enables investors to get exposure to bitcoin thr...
NAV $284.96 30-DAY MEDIAN BID/ASK SPREAD 0.00% As of05/23/2025 52-WEEK HIGH $303.12 As of02/19/2025 52-WEEK LOW $243.75 As of04/08/2025 52-WEEK DIFFERENCE $59.37(24.36%) PREMIUM/DISCOUNT $0.08(0.03%) 25-DAY AVG VOLUME 3,384,451.44 ...
Broadly speaking, ETFs don’t trade at significant discounts or premiums toNAVbecause ETFs, like stocks, are priced throughout the trading day. It remains to be seen if theSECis taking GBTC’s discount to spot bitcoin under advisement. Grayscale says there are more than 850,000 accounts, inc...
NAV Total Return as of May 22, 2025YTD:18.92% Fees as stated in the prospectusSponsor Fee: 0.25% Overview Performance & Distributions Key Facts Fees Holdings Literature WhyIBIT? 1. Access:IBIT enables investors to get exposure to bitcoin through the convenience of an exchange-traded product, he...
issuing a fixed number of shares at inception, which means that they can frequently trade at a premium or discount to the fund’s NAV. Investment trusts, which usually have more active management and use leverage, may have lower liquidity, affecting trading costs compared with more liquid ETFs...