What is fractional shares?

Frac​​tional shares refer to portions of a stock that are less than one whole share. In the GUGU app, when you purchase stocks based on a specified 'amount' rather than a whole number of shares, you acquire a small portion of fractional shares. Alternatively, you can choose to directly buy stocks that are less than one whole share.

Fractional share trading is available for over-the-counter stocks listed on the New York Stock Exchange, American Stock Exchange, Nasdaq, ARCA, or BATS, with a daily average trading volume of over 10 million USD and a market capitalization of over 400 million USD.