Smartshares NZ Dividend ETF unit issues show significant activity

Smartshares NZ Dividend ETF (NZX:DIV) reports a Net Tangible Asset (NTA) per unit of NZD 1.05780 as of April 30, 2025, with 69,782,211 units on issue. Over the following days, the ETF saw unit creation activities with 75,000 units created on April 30, before settling at 69,782,211 units issued on May 1. By May 2, the fund continued this trend with a notable increase of 120,000 units, settling the issued units at 69,782,211. This level of creation indicates increasing investor interest in the Smartshares NZ Dividend ETF, reflecting confidence in its investment strategy and performance despite wider market volatilities. Smartshares Limited, a subsidiary of NZX, manages over NZD 12 billion in funds and provides access to diverse investment opportunities through its ETF offerings.