ETFs closing values need more disclosure.
You disclosures on ETF closing values are inadequate.
I have been struggling to understand the issue but now think I understand it.
I believe what I want you to say is something like this:
ETF closing values at 4 p.m. ET may not be the same as NAV, which is what ETF sponsors will use as prior day's close in the next day's trading. ETF sponsors calculate Net Asset Values at the end of each trading day. The NAVs may differ from what Yahoo says is that day's close. The closing values may change from 4 p.m. until the next day's open.
I think that's accurate. It is accurate in terms of the experience I've had using Yahoo Finance data.
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