Anyone have any data on GDX and GDXJ composition for the Anyone have any data on GDX and GDXJ composition for the timespans from 9/9/19, to yesterday? I have a snapshot from 9/9/19 for both, and some GDXJ data in between.
Reason I ask is, per JK Raffles' earlier post, it looks like last week's drop may have simply been Van Eck selling the KL shares they got from GDXJ's DGC shares. GDX held both KL & DGC, but GDXJ held only DGC. Reminder: GDX & GDXJ are contractually-obligated to follow the % share holdings of the indexes/funds they mirror; NYSE ARCA Gold Miners (GDM), and MVIS Global Junior Gold, respectively.
As of 9/9/19; GDX was 4.43% KL or 11.29M shares; and 1.56% DGC or 10.9M shares. GDXJ was 3.21% DGC or 8.14M shares. As of now, GDX is 5.12% 'new' KL or 17.93M shares. Again, GDXJ now has no KL or DGC. If all 9/9 KL and DGC shares were held, GDX would now have 19.75M shares. If all GDXJ shares were dumped, and no shares were bought or sold in rebalancings between 9/9 and now, GDX would have 16.02M shares.