RE:GDXJ rebalancingprouditalian wrote: I have spoken to the etf administators and there is definitely a likelyhood of sheares being sold from the GDXJ index. Rebalancing is 3rd week of June. Look for selling pressure.
Of course there will be rebalancing done as this is a quarterly function of the GDXJ Index.
What is missing from the quote above from a professed short seller is that there is a liklihood of
KL shares being sold during rebalancing.
The GDXJ continues to add KL shares to the GDXJ. So far this month they have added 670,000 shares for a total of 12,540,000 shares. Why add shares in May only to sell them in June?
KL is not being added to the GDX. The GDX already has 8,898,000 KL shares and could very well buy more.