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UIM6

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    534.5021$
  • Previous Close
    527.7923$
  • 52 Week Change
    --
  • Day Range
    6.71$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

UIM6.F refers to the E-mini USD/CNH Futures contract traded on the CME Group exchange. This financial product allows investors to speculate on or hedge against fluctuations in the exchange rate between the U.S. dollar (USD) and the offshore Chinese yuan (CNH). The "U" in the symbol signifies the underlying asset (USD/CNH), "I" is a CME group specific code, "M" designates the June contract month, and "6" represents the contract year ending in 6 (e.g., 2026, 2036). It's a financially settled contract, meaning no physical delivery of currency occurs upon expiration; instead, gains or losses are calculated based on the difference between the purchase price and the settlement price.
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Factors

Underlying Asset Performance: UIM6.F mirrors an index. The price fluctuations of securities within that index directly influence the ETF's value. A rise in the index constituents' prices typically lifts UIM6.F.

Supply and Demand: High demand for UIM6.F pushes its price up, while increased selling pressure lowers it. This dynamic stems from investor sentiment and trading activity.

Net Asset Value (NAV): The NAV, representing the total value of the ETF's holdings per share, acts as a price anchor. Significant deviations between the ETF price and NAV present arbitrage opportunities, which traders exploit to realign the price.

Market Sentiment: Broad market trends and investor confidence influence ETF pricing. Positive sentiment encourages buying, potentially increasing the price of UIM6.F.

Expense Ratio: UIM6.F's operating costs, including management fees, are reflected in its overall return. Higher expense ratios can slightly depress returns compared to similar ETFs with lower fees.

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