GDXJ - Q4 2022 Rebalance
Posted: Fri Dec 09, 2022 11:37 pm
The latest GDXJ rebalance was announced this evening, our weighting has increased from 0.51% to 0.57%.
This suggests a purchase or around 25 Million shares.
An additional 0.06% equates to :-
0.06% * $4.2 Billion = $2.52 Million
at current SP of approx 9.8 cents per shares = approx 25.7 Million
So it suggests an increase in of around 25 Million Shares, however, these are only rough figures, and it is not known exactly how many will be needed for the rebalance next Friday.
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Please note I used a similar formula for the last rebalance and calculated an increase of 18.165 Million shares (16.4 Million to the US Fund and 1.7 to the UK Fund)
The actual figure from the September rebalance posted by TallChapJG was
US Fund
"Holdings in GDXJ of GGP gone from 188,083,722 to 205,003,354
So 16,919,632 gain
Now 0.67% of fund was 0.61%"
This suggests a purchase or around 25 Million shares.
An additional 0.06% equates to :-
0.06% * $4.2 Billion = $2.52 Million
at current SP of approx 9.8 cents per shares = approx 25.7 Million
So it suggests an increase in of around 25 Million Shares, however, these are only rough figures, and it is not known exactly how many will be needed for the rebalance next Friday.
--------------------------------------------------------------------------------------
Please note I used a similar formula for the last rebalance and calculated an increase of 18.165 Million shares (16.4 Million to the US Fund and 1.7 to the UK Fund)
The actual figure from the September rebalance posted by TallChapJG was
US Fund
"Holdings in GDXJ of GGP gone from 188,083,722 to 205,003,354
So 16,919,632 gain
Now 0.67% of fund was 0.61%"