Broker data for July 22nd - August 2nd inclusive, as requested by @Naydoe. Nothing too obviously interesting here - MS sold 134k shares, and the usual Regal-linked brokers + CommSec are responsible for the majority of the turnover.
As I expressed in June and July, a large fraction of WA1's price action over the last few months is attributable to metal / copper market movements, rather than idiosyncratic to WA1. Specifically, WA1 weekly return beta to COPX since WA1's inclusion in the ETF on May 1st has been 1.5 (correlation of 0.67 (!)). Since May 20th, COPX has drawn down ~27%, beta-adjusting to ~40%, i.e. a portfolio long WA1, hedged of COPX exposure with the appropriate ratio (beta = 1.5) is roughly flat over this period.
Broker Data, page-725
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Last
$14.50 |
Change
-0.470(3.14%) |
Mkt cap ! $940.5M | |||
| Open | High | Low | Value | Volume |
| $14.77 | $15.00 | $14.32 | $2.470M | 170.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 533 | $14.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.52 | 1748 | 2 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| WA1 (ASX) Chart |