Translation: Anyone buying GAZ last week likely paid far more than the product is worth.
Last month, it was reported that the Federal Reserve Bank of New York is launching an ETF pricing probe. Part of the focus of that probe is to unearth pricing irregularities that often send ETFs tracking illiquid asset classes and stocks in foreign markets to noticeable premiums to NAV. [NY Fed Probes ETF Pricing]
iPath Bloomberg Natural Gas Subindex Total Return ETN
ETF Trends editorial team contributed to this post.