Basis: https://www.spglobal.com/spdji/en/documents/..septembershuffle546.pdf
Please correct/ comment on plain math below.
PLTR is 82B market cap, soon to be included in SP-500 index. I don't know how many trillions are parked in this index, via funds and ETFs, but that should at least be $9T.
As of 2021, this number was $5.4T
https://www.axios.com/2021/07/07/sp-500-index-funds-record
Today, just the top 5 index ETFs from Vanguard, Schwab, Fidelity, give a total of over $3T.
So, just 0.1% weight in SP-500 would mean inflows of $9B to a company. Since PLTR's market cap today is close to $82B, doesn't this mean, an obvious 9% jump when ETFs and funds have to buy this stock?
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