“Unlike last Wednesday’s Knight mishaps, today’s ‘low prints’ in those two ETFs appear to be ‘clearly erroneous’ trades and are likely to be amended,” said Paul Weisbruch at Street One Financial in an email Tuesday.
Last week, some utilities ETFs briefly surged in price along with their underlying holdings due to the Knight glitch. [Knight Debacle Raises Concern Over ETF Trading, Liquidity]
The 2010 flash crash, the Knight debacle and Tuesday’s trading in the bond funds are reminders that investors should use limit orders when trading ETFs to protect themselves. [Five Lessons for ETF Investors After the Knight Meltdown]
SPDR Nuveen S&P VRDO Municipal Bond ETF
