GREY:CBICF - Post by User
Comment by
TheHuckon Feb 07, 2018 2:25pm
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Post# 27520961
RE:The ETF has already bought
RE:The ETF has already bought potlicker777 wrote: People were asking why at 80 cents for 3 weeks. Was anyone watching the 2s, what the hell else could that have been
Hard to say what was holding it up above .80, but there’s no way it was the ETF - they wouldn’t buy shares for a fund that was only approved yesterday.
The ETF is going to replicate a junior growers index. If I’m reading this correctly, MPX is weighed heavily in that Index, so this is definitely a good thing for the next couple weeks. Could be a short term catalyst for sure.
Here is the index the ETF will try to replicate:
https://www.solactive.com/indices/?indexmembers=DE000SLA5DQ2