Equilibrium 2017–06–25
Circulating US-NBT: 449,622.4688
Reserve percentage: (50 - 449,622.4688 / (2,000,000 / 25)) / 100 = 0.4438
Equilibrium reserve: 0.4438 * 449,622.4688 = 199,542
Current tier 1–4 reserve: 315,462
Minimum tier 1–4 reserve: 0.20 * 199,542 = 39,908
Daily move to equilibrium: 0.01 * (199,542 - 315,462) = -1,159
- Equilibrium is having $199,542 in tier 1–4 reserves.
- Current tier 1–4 reserves are valued at $315,462.
- Buybacks for the amount $1,159 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.