Fellas, this morning ( 02/07/2919 , 7:15 AM PDT) I contacted Global X Uranium ETF to find out how many GML shares they are still holding as of today and they confirmed what "mogawaibob" said: 7 million shares. The interesting thing here is that when I called them about 2 months ago or so, their GML holdings were around 11 million shares, a substantial reduction in just 2 months specially way before their normal fund rebalancing which is in July of each year!!!!!!!!!! Why? don't know!
If you ask me, I attribute the fall in share price in the last several months directly to their action and not to some restless small retail investors impatience and risk tolerance. Unloading nearly 100 M shares has had a tremendous negative impact on the SP, IMO.
Despite Global X ETF's substantial reduction of GML position , I personally remain optimistic about my own holdings! To each his own!
in Uranium, REE, Aqua Sanitas, and Vino Veritas
Global X Uranium ETF
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