Yesterday and the day before someone was busy buying ECUXF at the close without regard to the currency conversion. ECUXF and ecu.to closed those two days at about the same price. Either we have new buyers that haven't figured out how to convert or someone just wants to build a position at the firesale prices. Or maybe they just wanted to feel better for a few hours with an artificially raised closing price?
Why is it that ecu always seems to get punished more than other jpms in a down draft? Makes for great buying opportunities if you have the stomach. Mine has been weak the past few days as I watched my account value plunge. It sure felt like the big one was coming.