Sentences with phrase «fixed number of shares outstanding»

While closed - end funds often trade at a premium or discount because they have a fixed number of shares outstanding, market makers work with authorized participants (APs) to strive to keep the price of ETF shares close to fair value (i.e., in line with the ETF's underlying net asset value (NAV)-RRB-.

Simply, a closed end fund is like a cross between an ETF and a managed mutual fund but has a fixed number of shares outstanding.

CEFs have a fixed number of shares outstanding and do not issue or redeem shares to meet investor demand.