Yeah, sort of, don't forget that the index volume was known in advance - so there would be funds that bought shares some time ago specifically to sell into the volume on Friday.
DRO is quite small on the big scale of things, so if a fund systematically buys all the index shares as soon as the changes are announced, they can likely make a profit on average across all of them. They can easily hedge out the market beta also, so it's just a trade on whether the shares going into an index outperform the market.
I did a bit of that sort of trading for a big firm many years ago. Sounds fun... but you're trading so many different shares in a day you don't even know anything about the company other than what the ticker-code is and how many you need to buy. Nowadays they'd automate a lot of that.
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Last
$1.33 |
Change
0.090(7.29%) |
Mkt cap ! $1.155B |
Open | High | Low | Value | Volume |
$1.26 | $1.39 | $1.26 | $65.51M | 49.41M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 12000 | $1.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.33 | 321150 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 1.310 |
1 | 3831 | 1.305 |
8 | 149336 | 1.300 |
3 | 102934 | 1.295 |
1 | 30000 | 1.290 |
Price($) | Vol. | No. |
---|---|---|
1.325 | 7092 | 1 |
1.330 | 3500 | 1 |
1.335 | 14788 | 3 |
1.340 | 44748 | 4 |
1.345 | 63129 | 5 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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