RE:RE:RE:RE:Finally a Solid Updatedbbclb wrote: refer to my comments of Apr 1 which were posted in response to the same question about size of investment in ETF : 2,987,500 shares value 986,459 usd Portfolio Weighting .83%
This is a equal weighted ETF which means all there investments are evenly distributed within perameters. This ETF holds a total of approx 115 companies. As per post by luckystar2014 on the same date - They used roughly 43 cents canadian to calculate the market value, so if my calculate is correct, their average cost of ACDC is 45 cents Canadian.
Can you clarify when speaking of equal weighting... my thoughts are equal weighting in dollar values not share amounts... so the lower the price of the stock moves.. the more they can buy.. so they themselves could be shorting the stock or pushing it down to close that gap..?? I say its gonn get filled this week.. then its off to the races.. thats how I'm playing it.. ;-)