Reported 8 days ago
The SPDR S&P 500 ETF Trust (SPY), one of the largest ETFs, reached the widest premium to its net asset value since 2008 after a significant market surge of 10.5% on Wednesday, largely attributed to urgent trading behaviors amid recent volatility. With trading volumes hitting unprecedented levels, many traders turned to SPY as a liquidity vehicle and hedge against short positions due to the challenging market conditions following President Trump's tariff pause announcement.
Source: YAHOO