I posted the below chart on twitter last week. As of yesterday WAF just went above the threshold for GDX inclusion because the market cap is >US$750M. The measurement for the rebalance is on 11 June.
I suspect that big block trade today of 15M shares might be Van Eck and their cronies positioning for WAF being added to the index. If it is added then Van Eck will need to buy somewhere near 40M shares.
Typically stocks in line for addition to the GDX start to move a week or two before the measurement date (kind of creating a self-fulfilling achievement of the required market cap).
I posted the below chart on twitter last week. As of yesterday...
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 (20min delay)
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Last
$1.47 |
Change
-0.015(1.01%) |
Mkt cap ! $1.505B | |||
| Open | High | Low | Value | Volume |
| $1.46 | $1.47 | $1.43 | $3.915M | 2.691M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8155 | $1.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 43137 | 4 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
$1.47 |
Change
-0.015 ( 1.01 %) |
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| Open | High | Low | Volume | ||
| $1.45 | $1.47 | $1.43 | 727269 | ||
| Last updated 16.00pm 05/06/2024 ? | |||||
| WAF (ASX) Chart |