Equilibrium 2017–05–24
Circulating US-NBT: 305,280.8725
Reserve percentage: (50 - 305,280.8725 / (2,000,000 / 25)) / 100 = 0.4618
Equilibrium reserve: 0.4618 * 305,280.8725 = 140,979
Current tier 1–4 reserve: 247,141
Minimum tier 1–4 reserve: 0.20 * 140,979 = 28,196
Daily move to equilibrium: 0.01 * (140,979 - 247,141) = -1,062
Equilibrium is Nu having $140,979 in tier 1–4 reserves. We have $247,141. Buybacks for the amount $1,062 per day will begin.
Daily move to equilibrium is the amount in USD of how many NuShares will be sold or repurchased every day toward reserve equilibrium.