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Great post thanks for the details.

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10/01/24

16:34

Post #: 71816540
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Originally posted by Watchfulbull: ↑

I often wonder what level of impact ETFs have on various sectors and individual stocks.

Just did a bit of quick research on URA and URNM, the leading ETFs in this sector, and their holdings in BOE and thought I would share my findings.

- BOE is the 10th largest holding for both ETF's
- 2.27% of URA and 4.14% of URNM
- MC of URA 2.45B and URNM 1.7B

So if the ETF's move say 4% like they did last night, in theory that forces them to buy

- URA 2.45B x 4% increase x 2.27% portfolio allocation = $2.2M
- URNM 1.7B x 4% x 4.14% = $2.8M

So a 4% daily increase in the 2 main ETF's = $5M buy volume daily movt for BOE

Average daily volume for BOE is$ 2.8M and a rough look at the chart tells me we have had 7 days of $5M+ volume in the last 12 months. This is a little rough as portfolio %'s can change and the exact timing of buys can have a short lag, but you get the point. Which is the effect of U sector ETF's on BOE is very significant, and is a turbo charger to BOE's own fundamentals momentum.

If anyone has anything to add, or to refine/correct my understanding, please feel free to share.

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Great post thanks for the details.

BOE Price at posting: $4.95 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last $4.50		Change 0.170(3.93%)		Mkt cap ! $1.840B

Open	High	Low	Value	Volume
$4.40	$4.54	$4.40	$15.57M	3.472M

Buyers (Bids)

No.	Vol.	Price($)
7	27770	$4.50

Sellers (Offers)

Price($)	Vol.	No.
$4.51	2859	1

View Market Depth

No.	Vol.	Price($)
4	18150	4.500
2	4989	4.490
6	42463	4.480
4	29320	4.470
6	26568	4.460

Price($)	Vol.	No.
4.520	2500	1
4.530	34804	7
4.540	22868	4
4.550	21327	3
4.560	29210	6

Last trade - 16.10pm 07/06/2024 (20 minute delay)


Last $4.51			Change 0.170 ( 3.73 %)
Open	High		Low	Volume
$4.41	$4.54		$4.40	594715
Last updated 15.59pm 07/06/2024 ?

BOE (ASX) Chart