No, I believe that timing is way off. I believe that GDXJ started selling the company's that it is lowering the amount of shares it holds as early as Feb. 28th.
That day marked a change in the way GDXJ was tracking with gold.
Now GDXJ is trading differently again. Refusing to follow gold down. That indicates the selling part of the old index is done or close to done.
IAG one of the largest holdings of GDXJ and one that is to be sold down was up 9% today.
The June date is when GDXJ starts to track it's new index. The selling pressure seems to be over from GDXJ in its own index.
News 
Market Data 
Discover 
