3x Apple ETF IE buy / sell discrepency

šŸ“Š Investing
1

Hi,

Apologies if this is a newbie question but Iā€™ve never seen this in the 6 months Iā€™ve been on T212. (Although admittedly Iā€™ve only starte dabbling with leveraged funds recently)

At the moment, the buy price of 1 unit of the 3AAP fund matches the graph price (~Ā£42). The sell price is ~Ā£37 which doesnā€™t match the graph by a large margin.

Any ideas what that might be? It canā€™t be currency conversion rates as that would effect both buy and sell price.

I have noticed this fund seems to ā€˜lagā€™ a bit when it comes to updates (in line with the underlying Apple share price) but since itā€™s Labour day in America and the markets are closed, Iā€™d have assumed that wouldnā€™t matter and I canā€™t see it causing what Iā€™m seeing.

Cheers!

2

Aaaaannnddd checking again, itā€™s resolved itself.

Still, a scary occurence when it was out by a fiver a unit. That was a BIG red scary loss number for a second!

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3

I guess it was around this time when there were zero quotes whatsoever (grey dashed line in pic). The spread tends to go a bit crazy when thereā€™s no activity on the stock. Iā€™m not an expert so I donā€™t know why exactly this happens to the spread. Just something to keep in mind next time thereā€™s such a big difference in buy and sell.

image

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