BACKWARDATION & CONTANGO: The ETFs Glossary
Exchange-traded funds are like stocks. Except they're not. More shares can be created (or redeemed) as the day goes on. Exchange-traded funds are like mutual funds. Except they're not. ETF shares get priced all day long, mutual fund shares only at the end. Exchange-traded funds threaten market stability. Only they don't. Here's a glossary on how ETFs really operate.