Some Files, in Finder, located in iCloud [as shown in CMD-I Info output] have 'Cloud Symbol' with down-pointing arrow to right of file/folder name. Opening file deletes 'Cloud Symbol' - this does not change CMD-I Info output] status, that is file/folder still in iCloud.
What does this 'Cloud Symbol' with down-pointing arrow mean, and why does it disappear?
To add to my confusion, opening the file returns 'Modifications aren't in sync. Choose which versions to keep' and lists 3 versions all with same name/location and date/time.
What's going on? I do understand that some folders have been moved to iCloud, e.g. local 'Documents' - what is the meaning of above?