Shares of mutual funds, on the other hand, can only be purchased at the end of the trading day at their net asset value price. (grow.acorns.com)
The net asset value of a fund is calculated after the close of each trading day. (investopedia.com)
Given the small number of trading days associated with the first 5 days theory, there does not seem to be enough time for momentum to become a significant factor. (fidelity.com)