TIV down over 20% since addition to Russell
I guess one of these days everyone will learn that TIV getting on the Russell again is only good for a very few and very connected investing entities ... or the TIV-savvy trader who has been watching them objectively for years.
Russell-addition day was just one more little plateau that held briefly before TIV continued down to it's lowest PPS in years, what was that, fifty one cents a share?
Looks like these guys are the only Russell related entity that got stuck buying a significant number of shares? I could be wrong, perhaps others did who have not reported.
ISHARES Russell Micro Cap (TM) Index Fund
Over 80,000 shares and I do believe they would be down now.
Oh yeah, way down, TIV was around a buck then.
That's the kind of fund that HAS to buy companies on the relevant Russell index. How many of those companies have been burned, and burned badly, over the last few years? Dare we say ... all of them?
The shorts probably benefit the most from TIV's Russell flip flops, with an opportunity to short or cover a good number of shares at nearly fixed/prearranged prices. They sure have taken advantage of it in the past, and I imagine they continue to.
JMHO
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
