I am actually taking that as a huge positive but my theory could be well off base so take my explanation with a grain of salt but would love to here peoples thoughts on my idea.
Friday was obviously GDXJ re-balance day as far as I can tell and thus a swag of shares had to be bought. We saw 24m shares or something go through in the auction + that block trade. Is it possible that Van Eck couldn't secure enough shares through brokers to get what they needed without moving the market and their solution was to borrow 12m shares and "sell" to themselves (which was the blocktrade) or the chunk sat at 33c during the auction and then they will buy on market over the coming days/weeks to return to the rightful owner?
Or was someone just balls on the line hating on BDR? lol
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