RE:RE:HUH?I was just speculating about Blackrock or one of the other larger holders.
I have seen it before. Funds like that who own lots of stuff, let the kids on the computers make some foolish bets, the bets sometimes go bad, sometimes spectacuarly so, and then they need to sell the good and the bad. Often they sell the good, and hope the bad recovers.
Now I have no idea if this is the problem here, and am too lazy to track it down, but it would explain things. GDX is up a nice 3.4% today so they are buying pretty heavy. I don't know what days EDV does share buybacks. La Mancha, 19.1% , I don't think have ever sold a single share. One wouldn't think retail would be selling on a great day for gold, and that leaves Blackrock 12.2%, Tablo Corp 6.2%, Barrick 3.6%, and a bunch more at 2.4% or less. Even if a smaller fund with only 1% had to liquidate that would be about 4 million shares. Today there have only been 800 thousand shares move so even a small fund could impact big.
Anyway that would ,possibly, explain things.
Having lots of institutional investment in the company isn't always such a good thing.