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/
$40 cents club, page-668
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Last
46.0¢ |
Change
0.015(3.37%) |
Mkt cap ! $1.593B | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 46.0¢ | 44.8¢ | $5.097M | 11.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 113954 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.0¢ | 669974 | 13 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
46.0¢ |
Change
0.015 ( 4.31 %) |
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| Open | High | Low | Volume | ||
| 45.3¢ | 46.0¢ | 45.0¢ | 3699315 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| RED (ASX) Chart |