No, you can only buy mutual funds in long positions.

Yes, you can own fractional units for Mutual Funds. When selling make sure to select “Liquidate position” if you wish to sell the entirety of your mutual funds. Otherwise, you could get stuck with a few extra units if the price changes at settlement.

Mutual fund orders do not work like other types of securities. Orders can be placed throughout the day, but they are only processed/filled at approximately 6:00 pm EST. Any orders placed after 4:00 pm EST will not be filled until 6:00 pm EST the following day. Do no worry if your order has not executed Read More…

No, all US mutual funds are 5 letter symbols ending in X (VALBX, GARFX, ICTWX, etc.). Symbols that end in XX would mean it is a Money Market fund.

Yes, you can as long as you cancel the order prior to 4:00 PM EST. Go to the “My portfolio” tab and select “Order History” from the sub-menu. From this page select all or open orders and you can cancel the order.

The order will say you have 0 quantity to purchase because the order price is undetermined until settlement at 6:00 PM EST. You will get the amount in $ you asked for, but the quantity is undetermined until settlement.