Van Eck Associates announced their Quarterly Rebalance for the U.S - listed Junior Gold Miners ETF. As part of the rebalance, they announced that they will remove their holdings in Integra (IGR), effective December 24th 2012.
Van Eck held around $40m worth of IGR at last count and there was a big sell off and volume day for IGR yesterday.
Van Eck have been continual buyers of GRY over during 2012 and now hold ~12% of GRY shares.
I wonder if some of that $40m spare cash will be used to add GRY to their ETFs?
Add to My Watchlist
What is My Watchlist?