PyroGenesis Inc T.PYR

Alternate Symbol(s): PYRGF

PyroGenesis Inc., formerly PyroGenesis Canada Inc., is a Canada-based high-tech company. The Company is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG). The Company has created proprietary, patented and advanced plasma technologies that are used in four markets: iron ore palletization, aluminum, waste management, and additive manufacturing. It provides engineering and manufacturing expertise, contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, additive manufacturing (including 3D printing), oil and gas, and environmental industries. Its products and services include plasma atomized metal powders, aluminum and zinc dross recovery, waste management, plasma torches, and innovation/custom process development. It offers PUREVAP, which is a high purity metallurgical grade silicon and solar grade silicon from quartz.

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PyroGenesis Inc > Cathie Woods ARK buying more shres of PYR

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Comment by bcscon Jan 24, 2022 4:48pm

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Post# 34355239

RE:RE:RE:Cathie Woods ARK buying more shres of PYR

Given the current situation at ARK that is far more likely to be daily outflows from the ETF by sellers.

MidtownGuy wrote: Share price has nothing to do with it. Shares are not bought and sold based on a company's share price, but only based on:
1/ the quarterly rebalance
2/ daily inflows into the ETF by buyers.

ARK PRNT's quarterly rebalance was after-market last Thursday. The PRNT ETF tracks an underlying index, in this case made by Solactive. Go here and click "index composition": https://www.solactive.com/?s=3dprnt&index=DE000SLA1A36

The Solactive index does a quarterly recalc, and in this case they improved PYR's share total metric to 0.065611. Using that metric, ARK bought shares to match, and picked up about 38.5k more shares. Current ARK holding is 143,307 shares, up from 106,738 shares last Thursday.

PYR got a bump in the fund composition to 0.065611 from 0.047966.
That is an approximate 36% increase.

bcsc wrote: You do understand that it is an index fund and has to buy more on rebalancing since PYR share price has dropped more than the other holdings in the ETF. Not something to be excited about.