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17:48
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Originally posted by mbc
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I wouldn’t obsess over the changing amounts, that’s how it works. They have an allocation of money and a weighting for each constituent. When authorised participants (institutional investors, mostly banks and funds) participate in “creation” events - this increases the exposure of the index, and creates more ETF units for trading as the same time. When the reverse happens, “redemption” events, they burn some ETF units (via the participant first aquirijg them) and sell out underlying constituents.
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I dont believe they sell any they rent them out for shorting... basically they started off with around 47mill shares which slowly drifted down to below 41. and now moving back up to where they began... I'm hoping it means all ASN ura shorts get closed and we get an ANN about yellowcat...
