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IMU - MSCI rebalancing

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bustermove18

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28/05/21

08:20

Post #: 53476097
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Originally posted by ttward: ↑

IMU - So, I'm perplexed by the auction at close yesterday. Last trade of the normal day was 40.5c. Then at auction buyers bought $30mil at 42.5c. A quarter of the day's volume. It's very unusual. If it was one or two million, I would think they were just trying to push the price back up, But $30mil? I can't imagine you'd put that much money in unless you were very confident it was going higher.

Follow the money? Maybe. Not holding atm but will be watching closely. Does anyone else have further insight on where that money came from?

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IMU - MSCI rebalancing
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