Actually, SLV lucked in for the final 3c rally on Jan 29th from 15c to 18c courteously of the US SILJ ETF which chose to rebalance the fund on that day with quite brutal consequences for the stocks it sold but also surprising consequences for the stocks that were added or increased in the fund. The SILJ did the whole rebalance on the same day and some Nth American stocks dropped more than 50% before recovering some of those losses. Management of SLV were very quick to react to the share price rise by announcing the SPP on Feb 1st.
The ETF rebalances are a double-edged sword though, especially if they choose to exit the stock in one of their future rebalances. As someone posted, it pays to keep stink bids in for stocks that are held in the SILJ and GDXJ ETF's just to take advantage of such occurrences due to their lack of liquidity.
Adds and reweighted stocks to SILJ on Jan 29th 2024.
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Actually, SLV lucked in for the final 3c rally on Jan 29th from...
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Last
16.0¢ |
Change
0.005(3.23%) |
Mkt cap ! $241.2M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.5¢ | 15.5¢ | $409.0K | 2.553M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 206187 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 941680 | 20 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| SVL (ASX) Chart |