Tell me if I'm wrong here, but I think its pretty simple actually.
Index funds were forced to buy a shit load of WBT in 22/23, that drove the share price up further, shorters spot the SP is way overvalued, take advantage and borrow all of the index funds shares to bring it down to a MC thats below the 200/300 capitalisation cut-off. Shorters liquidate their short positions when the index rebalance comes about and WBT is kicked out of the 200/300. Shorters profit. Index funds take a bit of a hit, as they always do on the stocks that yo-yo in and out of the index, but make some decent coin off lending their shares out.
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Last
$2.30 |
Change
-0.010(0.43%) |
Mkt cap ! $434.5M |
Open | High | Low | Value | Volume |
$2.33 | $2.34 | $2.30 | $1.096M | 476.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 501 | $2.30 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.31 | 14000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 501 | 2.300 |
10 | 51579 | 2.290 |
7 | 35187 | 2.280 |
7 | 35012 | 2.270 |
6 | 72346 | 2.260 |
Price($) | Vol. | No. |
---|---|---|
2.310 | 14000 | 1 |
2.320 | 36065 | 3 |
2.330 | 28874 | 6 |
2.350 | 33198 | 3 |
2.360 | 5731 | 2 |
Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
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