The Securities and Exchange Commission has approved a proposed rule change by NYSE Arca, Inc. regarding information available on the websites for the iShares Gold Trust, iShares Silver Trust, and iShares S&P GSCI Commodity-Indexed Trust. The change requires these Trusts to provide more detailed data about the premiums or discounts of their shares' closing prices relative to their net asset values, shifting from chart forms to tables and graphs. This updated method intends to offer market participants better insight into how shares are priced against their net asset values. The exchange has stated that this new approach will make information more specific, comprehensive, and timely for investors.
Simple Explanation
The Securities and Exchange Commission decided that websites for certain trusts must show more clear and easy-to-read information about how their share prices match up with their actual value. Instead of just using complicated charts, they will now use tables and graphs so that people can understand better.