PINL:VITFF - Post by User
Comment by
MVargason Dec 17, 2021 4:28pm
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Post# 34242125
RE:RE:Short sales pounded this down in Dec.
RE:RE:Short sales pounded this down in Dec.phoenix_trader wrote: ETF's rebalance quarterly. If ETF's holdng VGCX (read VanEck's 5.8 Mill shares) decide to hold a lower percentage of VGCX than the previous quarter then we can see substantial market activity on rebalance day.
As speculated, a likely reduction by VanEck ETF's as 767,601 shares were traded after the close. That explains some of the weakness in the share price, but tax-loss selling which usually peaks on the last Friday before Christmas may also be a factor.