When I buy an ETF, the ETF issuer wants a certain management fee (expense ratio). How is this usually paid?
I've read that this might be deducted from dividends - is this the case? How does it work for ETFs where no dividends are applicable (for example, physically backed commodity ETFs)?
And specifically, what happens if you short an ETF? Who pays the fees and how does that influence the profit of the short seller?