RE:RE:I would not want to be short PCLO shares
I actually took the time to speak to the guys at Solactive who run these indexes. I also spoke to Horizons. While they don't disclose the eligible candidates or expected weightings, they did disclose that any stock listed for less than six months is not eligible for inclusion. There is a an inclision date which is 8 days before the third Friday in March and another one at the same time in June. PCLO does not qualify for either . They will have to wait until the Spetember index rebalances. Unfortunately by then all the insider stock and shareholder 4 and 6 months holds are up and the stock will therefore be much much lower than it is now.
Bottom line is there is no reason to worry if you are short. I'm sure the spin doctors will quote some jargon to counter this but I spoke to both indexes directly. PCLO is not eligible.