IQ
iQIYI, Inc.
stock NASDAQ ADR

What is this stupid response I’m reading? The MARKET dictates the price. What is the MARKET? The buyers and sellers participating in the exchange.
You have the IQ of a Koala if you think the buyers and sellers don’t determine what the market price is for something.
What you’re describing is manipulation, not a free market system.
If you can read, and at this point it’s questionable, I’ve actually done the math with an example to show that underlying stock prices do not influence the ETF on a one-for-one level.
Find an adult that can walk and chew gum at the same time to help you if you need to.
I selected TOPT due to the smaller holdings without weird bonds or anything. You can check the weights and holdings yourself. I pulled the closing price of each holding and its change for the day.
The aggregate price of 99.8% of its holdings: $8917.99
The aggregate change of its holdings: $50.075
The aggregate percent of change: 0.0056%
The closing price of TOPT today: $34.30
By what some of you are suggesting(incorrectly), we would see a one-for-one change of the etf to match its holdings.
By the math, that would mean that TOPT would be FORCED to close at a positive change of .0056%.
Any guesses as to the price change at close for TOPT?
A positive 0.57%, a 100 times greater change. That percent change equates to $0.20 in the TOPT share price.
If you adjust the individual holdings changes by their fund weighting, it comes to a positive $2.872069. Again off by a factor of 100.
Check my math and let me know what you find. I can compare notes.
The price of the individual companies within an ETF have no direct price correlation to the price of the ETF. They are two different products, with two different market sentiments.
PRICING ONLY MOVES WHERE A BID PRICE AND AN ASK PRICE INTERSECT.
An ETF's Net Asset Value (NAV) represents the total intrinsic value of all its underlying securities minus any liabilities, divided by the number of outstanding shares. The Market Price is the price at which you can actually buy and sell ETF shares on the stock exchange, which fluctuates continuously throughout the trading day.

What is this stupid response I’m reading? The MARKET dictates the price. What is the MARKET? The buyers and sellers participating in the exchange.
You have the IQ of a Koala if you think the buyers and sellers don’t determine what the market price is for something.
What you’re describing is manipulation, not a free market system.
If you can read, and at this point it’s questionable, I’ve actually done the math with an example to show that underlying stock prices do not influence the ETF on a one-for-one level.
Find an adult that can walk and chew gum at the same time to help you if you need to.
I selected TOPT due to the smaller holdings without weird bonds or anything. You can check the weights and holdings yourself. I pulled the closing price of each holding and its change for the day.
The aggregate price of 99.8% of its holdings: $8917.99
The aggregate change of its holdings: $50.075
The aggregate percent of change: 0.0056%
The closing price of TOPT today: $34.30
By what some of you are suggesting(incorrectly), we would see a one-for-one change of the etf to match its holdings.
By the math, that would mean that TOPT would be FORCED to close at a positive change of .0056%.
Any guesses as to the price change at close for TOPT?
A positive 0.57%, a 100 times greater change. That percent change equates to $0.20 in the TOPT share price.
If you adjust the individual holdings changes by their fund weighting, it comes to a positive $2.872069. Again off by a factor of 100.
Check my math and let me know what you find. I can compare notes.
The price of the individual companies within an ETF have no direct price correlation to the price of the ETF. They are two different products, with two different market sentiments.
PRICING ONLY MOVES WHERE A BID PRICE AND AN ASK PRICE INTERSECT.
An ETF's Net Asset Value (NAV) represents the total intrinsic value of all its underlying securities minus any liabilities, divided by the number of outstanding shares. The Market Price is the price at which you can actually buy and sell ETF shares on the stock exchange, which fluctuates continuously throughout the trading day.