Index inclusion as source of price surge
Pretium is being added to an index and that has been the force behind much of the extra volume of buying and the resulting price surge. Recently, CIBC wrote: "PVG is slated to enter the TSX Composite Index next month based on current index inclusion criteria. The measurement period for index inclusion ends tomorrow with an official index announcement on March 9th for effect at the closeon March 16th. CIBC's index research team estimates 2.5 million shares of demand. That represents about 8 days of trading volume so it is relevant."
What I wonder is if all the additional 2.5 million shares have to be bought by March 15. Does anyone have any further knowledge regarding this index related buying?
TC
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