That would be true if you had a healthy Float Turnover (TOR)-- need to keep it above 1% of the reported Float to effectively absorb them, and then even with that being the desired case, the cycle lasts ~ 3 months.
TOR Float 8EMA WF EF EF % Float
0.60% 30,971,382 185,900 601,572 1,574,917 5.09%