This fund has a net capitalization of 7.49 billion dollars. I am wondering if that is not a tasty target for big traders and hedge funds which are currently 16.49 percent short this fund. Does anyone know a good site to review the premium/discount of this ETF, and what it is currently? I am trying to go through the list of stocks in this fund and assess their quality. Any opinions on a support level for acquiring this fund for the longer term?
In the last 4 trading sessions FXI has fallen from 37.61 to 37.21 to 36.66 and today at 35.95.
This indicates more downside is on the way.
Meanwhile FXP's trend keeps moving higher.
As I said before we LONGS are WRONG.