Equilibrium 2017–08–06
Circulating US-NBT: 463,966.3055
Reserve percentage: (50 - 463,966.3055 / (2,000,000 / 25)) / 100 = 0.4420
Equilibrium reserve: 0.4420 * 463,966.3055 = 205,073
Current tier 1–4 reserve: 326,603
Minimum tier 1–4 reserve: 0.20 * 205,073 = 41,015
Daily move to equilibrium: 0.01 * (205,073 - 326,603) = -1,215
- Equilibrium is having $205,073 in tier 1–4 reserves.
- Current tier 1–4 reserves are valued at $326,603.
- Buybacks for the amount $1,215 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.