Plus as it was a high conviction stock for them, they probably had a big original position in BET within in the fund before the large rise in price.
Most fund mangers have restrictions on the max % weight within the fund that a single stock can represent, and as BET had a big run from $1 in April up to approx $1.60 in May. With the 60% increase in the price of BET, this could have resulted in BET reaching the upper limits of the max % allowed. This could be the same case for the other funds managers that bought earlier.
Plus as it was a high conviction stock for them, they probably...
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Last
9.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $89.25M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9163 | 9.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.5¢ | 62000 | 1 |
View Market Depth
| Last trade - 09.54am 12/11/2024 (20 minute delay) ? |
| BET (ASX) Chart |
Day chart unavailable