RED is already a constituent of the GDXJ ETF. It holds ~US$30M
https://www.vaneck.com/us/en/investments/junior-gold-miners-etf-gdxj/downloads/holdings/
The index that I believe it is eligible for is the NYSE Arca Gold Miners Index (GDMNTR), which is the basis for the GDX.
The requirement is US$750M market cap, and the share price is comfortably above this level. I think the measurement date for the rebalance is this Friday (or could have been last Friday). Implementation date will be the 15th.
Based on the existing holdings I estimate that the GDX will need to purchase ~US$50M worth of stock. Probably in the order of 200M shares.
https://www.vaneck.com/us/en/investments/gold-miners-etf-gdx/overview/
RED is already a constituent of the GDXJ ETF. It holds ~US$30M...
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Last
43.0¢ |
Change
0.015(3.61%) |
Mkt cap ! $1.489B | |||
| Open | High | Low | Value | Volume |
| 42.5¢ | 43.5¢ | 42.5¢ | $4.791M | 11.14M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 540844 | 42.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.0¢ | 86774 | 2 |
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| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
42.8¢ |
Change
0.015 ( 1.83 %) |
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| Open | High | Low | Volume | ||
| 42.5¢ | 43.5¢ | 42.5¢ | 4385807 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| RED (ASX) Chart |