S&P/ASX Index Rebalance (June 2022): Mostly Expected, Some Surprises & Short Interest Spikes
Most changes to the indices were expected, there are some surprises & short interest has spiked on some names. CXO could be added to the REMX. CWN's privatisation will lead to adds for the ASX100/200.
- There is one set of changes to the S&P/ASX 50, one deletion for the S&P/ASX 100, and four adds/ five deletes for the S&P/ASX 200 (AS51 INDEX).
- Passive trackers will need to trade between 2-6 days of ADV on nearly all stocks. Short interest spikes in a few names indicate pre-positioning for the passive flow.
- Core Lithium Ltd (CXO AU) is a potential inclusion to the MVIS Global Rare Earth/Strategic Metals Index in June and that could add to the passive inflows on the stock.
Full analysis here:- https://www.smartkarma.com/insights/s-p-asx-index-rebalance-june-2022-mostly-expected-some-surprises-short-interest-spikes?utm_source=tiger_community
By Brian Freitas, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/brian-freitas?utm_source=tiger_community
On Block (SQ2 AU):- https://www.smartkarma.com/entities/block-inc?utm_source=tiger_community
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