RE:Pullback expected PIC.Ayou mean october 15 right? i am also surprised at the increase, but more about why it took so long to catch up.
the nav has gone up 80% in the last 2 months. this has nothing to do with investors bidding up the price, only with the underlying value. nav as of last week was 4.36. (2.51 in august).
if you compare pic.a with others like sbc or cc etfs, you would see that pic did not reflect the huge increase in bank prices for several months, and is now catching up, so if it does selloff on ex date, not sure if will go down much.
I'm guessing it will be 4.75 by the end of the week and 4.45-4.55 after distribution
the reorg also seems to be a positive, so if we resume with trading above nav, we could be back at 5, like in early 24