HACK

I am looking to invest in the ETF HACK.
I notice that over the last 9 months the amount of shares on issue have increased from 10MM to 18 MM.
Surely this must be diluting the share price and the dividends.
Can you give me your thoughts please.

A: Like all ETFs, HACK is an open ended fund, meaning that it grows or shrinks depending on investor activity and the role of market makers.

From an investor’s perspective, the only downside from being open-ended is whether the growth inhibits the ability of the manager to find attractive investments.  Personally, I would be surprised if HACK had yet reached this size.


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