VCSC Daily - ETFs reverse decision to add BID - HDG, KDH
The Van Eck’s Market Vectors ETF made an after hour decision yesterday not to add BID, citing a change to its free float calculation that effectively made BID ineligible for inclusion. The move took the market by surprise and traders rushed to dump the stock this morning. At the close, more than 2.5 million BID shares were placed on sell orders at floor price. Only about 130,000 shares were matched the whole day.