Ideanomics Inc (IDEX)

[esb1015]

Hopefully they can make it to the final list. This list of additions will be updated 2 more times before the final is issued on 6/25. When a stock is added to an index it inherently adds shareholders such as mutual funds/etf's that are benchmarked to that index. This will ultimately move the price up temporarily since the funds are forced to buy shares as they reallocate to match the index. With that said, this scenario is more common to stocks that are added to larger indexes (i.e. S&P, Russell 2K) since there are more funds that track those indexes.