KYP is going to go close to being added to the ASX All Tech...

KYP is going to go close to being added to the ASX All Tech Index on the third Friday of September.

Below are the full requirements, but it really needs $250k AUD average daily volume for the prior 3 months, as well as a finishing market cap of more than $120m.

For the past month, KYP has averaged over 1.9m shares per day which at an average price of 25 cents puts it at $500k per day.

It would need to be over 29 cents on the third Friday in September.

If it was added, there would be automatic buying from https://www.betashares.com.au/fund/sp-asx-australian-technology-etf/ as well as more liquidty in the stock.

I imagine there would be some fundies who would try and front run this event too.

Thoughts?

More info here https://www.asx.com.au/markets/trade-our-cash-market/overview/indices/asx-all-technology-index