IYR vs URE (09/22/2009)

Discussion in 'ETFs' started by ss161, Sep 22, 2009.

  1. ss161


    does anyone have any insight as to why IYR is only up 1.63% so far today, while at the same time, URE is up 5.38%?

    last night, URE closed right on its NAV at 6.32. it and its NAV are both up $0.34 now or 5.38%.

    last night, IYR closed at 44.08. adjusting for the fact that it closed 4 cents greater than its NAV, i'll make the close 44.04. Based on this adj close, it (and its NAV) is up $0.76 or 1.73% after adjusting for the close geater than the NAV.

    1.73% * 2x I thought would give an intraday percent price change of 3.46% for URE instead of the current 5.38%. does anyone know what i'm doing wrong? thanks in advance for any help.
  2. ss161


    sorry, i thought it went X Div last week, but it went today for 0.39.