It is simply the amount of shares that trade hands from sellers to buyers as a measure of activity. A measure that determines the degree to which two variable’s movements are associated. retailing. There are 53 companies in the Consumer Discretionary Select Sector SPDR.
What is a select sector SPDR?
One important difference between Select SPDRs and conventional mutual fund shares is that Select Sector SPDRs are available for purchase or sale intraday on NYSE Arca. As a result, Select Sector SPDRs may trade at a premium or discount to the Funds underlying Net Asset Value (”NAV”).
Do select sector SPDRs trade at a premium or discount?
As a result, Select Sector SPDRs may trade at a premium or discount to the Funds underlying Net Asset Value (”NAV”). The NAV of each Select Sector SPDR is calculated each business day at the close of regular trading on NYSE Arca, ordinarily 4:00 p.m. EST.
