Klondex is officially out of the GDX (still in the GDXJ!) Van Eck website has updated now and shows that Klondex (7.3 million shares) start of day December 15th, are now completely gone as of today's updated page on December 18th for the GDX strictly.
This explains the large sell-off Friday at the peak share price at 3:30 PM. Quadruple witching alone could not be responsible for 11.5 million shares volume, so GDX liquidated as well their 7.3 million shares as the market cap was far below $ 450 Million on December 7th (the evaluation date).
GDX's bottom position is now Resolute Mining @ 0.37 % weighting confirming KLDX is gone.
So the GDX re-balance is finally done once and for all & we can breathe easier. If we have a good next few months, expect to be added back to the GDX as their fund manager does like Klondex from past interviews.
Do note:
Fortunately, Klondex is still in the GDXJ @ 8.1 million shares @ 0.47 % weighting (this is the most recent date from end of day December 18th).
JIN