Net Asset Value Restatement for Range Global LNG Ecosystem Index ETF (LNGZ)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 16 2024
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Source: Newsfilter
Error in Fund NAV: The Range Global LNG Ecosystem Index ETF reported an error in its net asset value (NAV) per share, initially stated as $25.36 but later corrected to $27.07 due to an administrative mistake.
ETC's Role: Exchange Traded Concepts, LLC, the investment adviser for the Fund, has managed approximately $7 billion in assets and confirmed that there were no subscriptions or redemptions during the period of the error.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
