A fund has a NAV of $30 per share but the shares are currently selling for $32. This fund must be a(n): O open-ended fund. closed-end fund. balanced fund. aggressive growth fund. money market mutual fund. QUESTION 27 ETFs have several advantages over index funds. Which of the following would be identified as such an advantage? ETFS trade throughout the day at continuously updated prices. ETF shares can be purchased on margin. I. 11. ETF shares can be sold short. Individual ETF shares can be sold back to the issuing organization (i.e., fund organizer). ETFS represent a purchase in an individual company rather than a portfolio of companies. O I, II, and III O I, II, and IV O II, III, and V II, III, and IV O I, II, III, IV, and V III. IV. V.