FEAM was removed from the MSCI late '22, but currently remains in Russell 2000/3000. Russell reconstitution takes place 26 June.
Frankly, it would be a blessing to be removed for a while, as it would remove the source of shares the large institutional holders loan out to shorts.
There's a place in a functional market for short selling, but what we've seen here is pure unadulterated market manipulation by short funds in the US. Since we entered the Russell indexes, it's been a one way ticket to hell ... and they've been quite clever about it too.Here on the ASX, the problem generally isn't short selling (less than 0.25% of 5EA issued capital was sold short as of last week). It's retail holders with weak hands, many of whom will sell at the first bump in the road and ask questions later.
FEAM was removed from the MSCI late '22, but currently remains...
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Last
21.5¢ |
Change
-0.005(2.27%) |
Mkt cap ! $71.71M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.0¢ | 21.0¢ | $16.67K | 78.26K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 42872 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 38333 | 1 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
21.5¢ |
Change
-0.005 ( 2.27 %) |
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| Open | High | Low | Volume | ||
| 21.5¢ | 21.5¢ | 21.0¢ | 7645 | ||
| Last updated 12.46pm 17/05/2024 ? | |||||
| 5EA (ASX) Chart |