Does anyone have any insight as to how many IXHL there are.
Based on the updated Top 20 in the Annual Report as at 22 August, it was assumed that the top holder HSBC Nomaniees was simply the EFT Managers Group LLC that @thevinnys found holding almost 49million shares and The Vanguard Group ~30million added together.
Therefore only leaves 2 other nomaniee companies at 9 and 10 who are both new to the top register so 20.7million would equate to ~828,000 IXHL
If "Deutsche Bank Trust Company Americas" is not either of these then that means they are outside of the top 20, holding 12million shares or less so at a 25:1 gives max 488,000 IXHL.
With average trading volume of only 12k ADR is hard to tell.