And yet oddly, SGOV doesn’t trade or experience price movements 2 days out of every week (S/S). And there isn’t a bigger price jump on Friday or Monday to offset this. All while the underlying Tbills get closer to their maturity date.The value of SGOV goes up slightly every day until the “interest” is distributed once a month. So it is to be expected that there would be price movement even if the markets where one could trade the underlying Treasury Bills is closed. There could also be changes in the markets valuation of the underlying TBills.
Statistics: Posted by Hot Sauce — Mon Oct 14, 2024 9:41 pm — Replies 12 — Views 366