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SpaceX To Get Weighting Boost In Nasdaq 100 After Rebalance

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SpaceX To Get Weighting Boost In Nasdaq 100 After Rebalance SpaceX is set to get a larger weighting in the Nasdaq 100 later this month, a change that could trigger billions of dollars of buying by passive funds tied to the benchmark. Its weighting is expected to rise to about 2.82% from roughly 1.28%, based on pro forma data from Nasdaq’s Global Index Watch circulated late Friday. The final weighting will be determined later this month.

SpaceX To Get Weighting Boost In Nasdaq 100 After Rebalance SpaceX is set to get a larger weighting in the Nasdaq 100 later this month, a change that could trigger billions of dollars of buying by passive funds tied to the benchmark. Its weighting is expected to rise to about 2.82% from roughly 1.28%, based on pro forma data from Nasdaq’s Global Index Watch circulated late Friday. The final weighting will be determined later this month. Wall Street expects the change to result in billions in new buying by index funds and exchange-traded funds that track the benchmark.
SpaceX (ORG) Nasdaq (ORG) Global Index Watch (ORG)
Originally published by Bloomberg Markets Read original →