It's called burocrats if you don't think it excist then your nieve it's everywhere look at your political seen now he who holds the gold makes the rules
They own shares of the company when the shares are in the ETF. I don't think it's more complicated than that. Most ETF's have rules about how many shares of any one particular company they can own, but why that would be a problem for our Management I don't know. We have plenty of outstanding shares to go around.
As far as I know FF being sold off of the GDXJ was a BAD thing, not a good thing. It damn sure didn't help the share price move higher.
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