From what I know they give their order to the AP (authorized participant) who trades on their behalf. The AP will guarantee a volume fill for GDX/GDXJ and then try to get the volume done in whatever way they can. If they can't get the vol done, they'll just take it on their book and trade their way out of it nxt week.
Used to pay a handsome prem to the market to get the volume they want but thesedays its not so clear. In fact I would wager a small amount that RRL will even match down a percent or two.
Every quarter the GDX and the GDXJ (listed gold equity funds in the US) need to prune their portfolio, sell some stock, and buy some other stocks. They hold roughly 10% of most aussie gold miners so they're by definition huge whales. Thus when they rebalance, they can really move the stock.
From what I know they give their order to the AP (authorized...
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Last
$2.52 |
Change
0.000(0.00%) |
Mkt cap ! $1.473B | |||
| Open | High | Low | Value | Volume |
| $2.54 | $2.55 | $2.50 | $4.809M | 1.905M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 63260 | $2.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.52 | 48105 | 3 |
View Market Depth
| Last trade - 16.10pm 03/12/2024 (20 minute delay) ? |
| RRL (ASX) Chart |
