Comment by Ballas
10 hours ago
Well, they changed that rule as well. If the float is less than a set percentage, then it is weighted as a much higher percentage. Something like the minimum for weighting is 12% where SpaceX's float will be below 5% (those are the numbers I recall, but I don't have a lot of confidence in them.) That means they will be weighted as if the float was 12%.
> they changed that rule as well
S&P hasn’t changed any rules yet.
NASDAQ has, however. SpaceX will be weighted at triple its public float.
How many funds track NASDAQ vs S&P 500? Feels like the former is way more niche/sector specific than the latter.