The Indicative Net Asset Value (iNAV) gives you the value of an investment during the trading day. INAV is reported approximately every 15 seconds. It gives investors a measure of the value of the investment throughout the day.
The iNAV is important in the financial market because it helps funds trade close to their actual value, preventing significant premiums or discounts. It applies to closed-end mutual funds and ETFs.
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What is day high and its use in day trading?