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
32.8¢ |
Change
0.003(0.77%) |
Mkt cap ! $2.210B | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 33.0¢ | 32.5¢ | $380.1K | 1.153M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 1123282 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 394388 | 21 |
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| Last trade - 10.16am 23/09/2024 (20 minute delay) ? |
| RED (ASX) Chart |