RE:RE:RE:RE:I hope He sure is, but if I may add;
About 50% of PRNT is from their top 10 holdings, and if this 50% of holdings drop an average 10% on a day, like XONE down 16% today, DDD down 7% today, I did not check the other 8.
It would mathematically increase PYR's weight, with or without today's jump of 32%
sumpineh wrote: Thanks for the explanation.You are by far the most knowledgeable poster on this BB
MidtownGuy wrote: That's not quite how it works. The 14th "position" that PYR holds on the underlying Solactive index is not a position, it's simply the number of shares.
The actualy % weighting is based on market value of ARK's holding in any company, not the number of shares.
PYR is 39th on the PRNT ETF holdings with their 0.16% weighting, in a sub-sector of the ETF ("3D printing materials") that spreads a combined 2% of the whole fund across the 14 companies in that sub-sector (and which one of the companies in there alone has 0.75%).
The initial position taken in PYR on Jan 15 was based on a weighting of 0.12%. They are meant to stay somewhat in that range until the next quarterly rebalancing. PYR's increase to 0.16% is a result of the share price increase outpacing the 0.12% buying weighting.
The most PYR could ever hold (until the next quarterly rebalancing) in ARK is 2% of the entire fund, and this is only if they were eliminate all the other 13 companies in the fund's "3D Printing Materials" sub-sector of the fund.
https://cdn-ceo-ca.s3.amazonaws.com/1g26l79-PRNT-position-open.jpg Berzy wrote: I doubt it. Her fund is still below the index that it tracks in the % allocated to PYR. The index has PYR as the 14th holding share wise...her fund still has PYR in the 30's playing catch-up.