AMC Gets ‘Low Priced’ Tag in New ETF Hit by Indexing Quirk

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AMC Gets ‘Low Priced’ Tag in New ETF Hit by Indexing Quirk

Bloomberg2021-07-23

(Bloomberg) -- The biggest holding in Direxion’s new budget-stock fund is one of the most famously expensive shares in the country. A quirk of indexing means AMC Entertainment Holdings -- currently ...

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Comment（9）

holdnotfold
·2021-07-26
[開心] [開心] [開心] [開心]
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Like
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Alykrunch
·2021-07-23
To the moon! These news will make people sell so that the price will fall and hedge funds will buy again and push the price up
Reply
4
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- hassrath:
  HODL as always
  2021-07-23
  Reply
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Kyler28
·2021-07-23
Really
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4
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- 三月333:
  Your profile is adoreable!
  2021-07-23
  Reply
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- Acestars:
  yea
  2021-07-23
  Reply
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yagami00
·2021-07-23
Ok
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5
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- Lawrence88:
  like pls
  2021-07-23
  Reply
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- yagami00:
  ok
  2021-07-23
  Reply
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- Kyler28:
  k
  2021-07-23
  Reply
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joshua0111
·2021-07-23
Nice
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3
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Shadowrider
·2021-07-23
Hmm
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6
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- killuz:
  ok
  2021-07-23
  Reply
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- zhann:
  like pls
  2021-07-23
  Reply
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- joshua0111:
  nice
  2021-07-23
  Reply
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blkgoat00
·2021-07-23
[驚訝] [得意] [財迷] [財迷]
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1
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DandanC
·2021-07-23
AMC is the only play to be in. Join the massive APE fam now and be rewarded! No fear, uncertainty and doubt will stop us! AMC ???????????????
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- ZEROHERO:
  Pump up the volume
  2021-07-23
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- Alright:
  Apes stronf
  2021-07-23
  Reply
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takeshi21
·2021-07-23
Chance
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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC Gets ‘Low Priced’ Tag in New ETF Hit by Indexing Quirk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-23 09:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/amc-low-priced-stock-etf-120806768.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- The biggest holding in Direxion’s new budget-stock fund is one of the most famously expensive shares in the country.\nA quirk of indexing means AMC Entertainment Holdings -- currently ...</p>\n\n<a href=\"https://finance.yahoo.com/news/amc-low-priced-stock-etf-120806768.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://finance.yahoo.com/news/amc-low-priced-stock-etf-120806768.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116230744","content_text":"(Bloomberg) -- The biggest holding in Direxion’s new budget-stock fund is one of the most famously expensive shares in the country.\nA quirk of indexing means AMC Entertainment Holdings -- currently pricier than about 90% of S&P 500 members -- has yet to exit the gauge of cheap shares tracked by the exchange-traded fund.\nAs a result, the movie-theater operator and Reddit favorite accounts for almost 7% of the Direxion Low Priced Stock ETF (ticker LOPX) in its first day of trading on Thursday. While the product targets companies with a share price between $2 and $5, AMC closed Wednesday at $40.78.\nThe paradox is the latest headache spurred by Wall Street’s unprecedented indexing boom. As more cash tracks benchmarks, and market swings turn extreme, these slow-moving instruments can leave investors exposed to companies that no longer reflect their aims. Most indexes rebalance every quarter or semi-annually.\nIn the case of LOPX, which follows the Solactive Two Bucks Index, the next quarterly rebalance is due in August, at which time AMC will almost certainly be dropped.\n“We’re going to sell it,” Dave Mazza, head of product at Direxion, said by phone. “And hopefully, we’ll buy another company that could have that same potential.”\nThe Solactive Two Bucks index went live in April, but historical data shows AMC would have entered the gauge about a year ago, when its shares were trading around $4. The company has surged more than 1,800% in 2021 amid the mania surrounding so-called meme stocks, which enjoy the support of an army of online retail traders.\nThat crowd is the primary target for the new fund, according to Mazza. While AMC’s presence makes for an unusual start, it’s a reminder that the ETF could well capture future Reddit-fueled rallies.\n“This is a very interesting time in the market on multiple levels,” Mazza said. “Some of the newer investors have been accustomed to only having outsized returns.”\nLOPX’s other holdings look more in keeping with its goals. Tellurian Inc. and billboard advertising company Clear Channel Outdoors Holdings -- both trading at less than $4 a share -- are among them. The fund carries a 0.5% fee.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":175702209,"gmtCreate":1627048402401,"gmtModify":1703483276156,"author":{"id":"3577443068440656","authorId":"3577443068440656","name":"Alykrunch","avatar":"https://community-static.tradeup.com/news/31f6afa1679347244125537288dce699","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[{"categoryType":1102,"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","isScarce":0,"effectEnabled":0,"redirectLinkEnabled":0,"redirectLinkValidityFrom":0,"redirectLinkValidityTo":9223372036854776000,"sortingWeight":0,"wearable":0}],"authorIdStr":"3577443068440656","idStr":"3577443068440656"},"htmlText":"To the moon! These news will make people sell so that the price will fall and hedge funds&nbsp;will buy again and push the price up","listText":"To the moon! These news will make people sell so that the price will fall and hedge funds&nbsp;will buy again and push the price up","text":"To the moon! These news will make people sell so that the price will fall and hedge funds will buy again and push the price up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/175702209","repostId":1116230744,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5307890,"gmtCreate":1627049259002,"gmtModify":1663231387948,"authorId":3572770575316275,"author":{"id":3572770575316275,"idStr":"3572770575316275","authorId":3572770575316275,"name":"hassrath","avatar":"https://static.tigerbbs.com/5aad87e8d07bd95cdb728c71d231f08b","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":175702209,"type":1,"supId":0,"prevId":0,"content":"HODL as always","text":"HODL as always","html":"HODL as always"}],"langContent":"EN"},{"id":175314110,"gmtCreate":1627006860130,"gmtModify":1703482312833,"author":{"id":"3572066448099019","authorId":"3572066448099019","name":"Kyler28","avatar":"https://static.tigerbbs.com/681212068841fb2c5fe507d763806d66","vip":1,"crmLevel":2,"crmLevelSwitch":0,"wearingBadges":[],"authorIdStr":"3572066448099019","idStr":"3572066448099019"},"htmlText":"Really","listText":"Really","text":"Really","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/175314110","repostId":1116230744,"repostType":4,"repost":{"id":"1116230744","kind":"news","pubTimestamp":1627004842,"share":"https://ttm.financial/m/news/1116230744?lang=en_US&edition=fundamental","pubTime":"2021-07-23 09:47","market":"us","language":"en","title":"AMC Gets ‘Low Priced’ Tag in New ETF Hit by Indexing Quirk","url":"https://stock-news.laohu8.com/highlight/detail?id=1116230744","media":"Bloomberg","summary":"(Bloomberg) -- The biggest holding in Direxion’s new budget-stock fund is one of the most famously e","content":"<div>\n<p>(Bloomberg) -- The biggest holding in Direxion’s new budget-stock fund is one of the most famously expensive shares in the country.\nA quirk of indexing means AMC Entertainment Holdings -- currently ...</p>\n\n<a href=\"https://finance.yahoo.com/news/amc-low-priced-stock-etf-120806768.html\">Source Link</a>\n\n</div>\n","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC Gets ‘Low Priced’ Tag in New ETF Hit by Indexing Quirk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC Gets ‘Low Priced’ Tag in New ETF Hit by Indexing Quirk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-23 09:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/amc-low-priced-stock-etf-120806768.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- The biggest holding in Direxion’s new budget-stock fund is one of the most famously expensive shares in the country.\nA quirk of indexing means AMC Entertainment Holdings -- currently ...</p>\n\n<a href=\"https://finance.yahoo.com/news/amc-low-priced-stock-etf-120806768.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://finance.yahoo.com/news/amc-low-priced-stock-etf-120806768.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116230744","content_text":"(Bloomberg) -- The biggest holding in Direxion’s new budget-stock fund is one of the most famously expensive shares in the country.\nA quirk of indexing means AMC Entertainment Holdings -- currently pricier than about 90% of S&P 500 members -- has yet to exit the gauge of cheap shares tracked by the exchange-traded fund.\nAs a result, the movie-theater operator and Reddit favorite accounts for almost 7% of the Direxion Low Priced Stock ETF (ticker LOPX) in its first day of trading on Thursday. While the product targets companies with a share price between $2 and $5, AMC closed Wednesday at $40.78.\nThe paradox is the latest headache spurred by Wall Street’s unprecedented indexing boom. As more cash tracks benchmarks, and market swings turn extreme, these slow-moving instruments can leave investors exposed to companies that no longer reflect their aims. Most indexes rebalance every quarter or semi-annually.\nIn the case of LOPX, which follows the Solactive Two Bucks Index, the next quarterly rebalance is due in August, at which time AMC will almost certainly be dropped.\n“We’re going to sell it,” Dave Mazza, head of product at Direxion, said by phone. “And hopefully, we’ll buy another company that could have that same potential.”\nThe Solactive Two Bucks index went live in April, but historical data shows AMC would have entered the gauge about a year ago, when its shares were trading around $4. The company has surged more than 1,800% in 2021 amid the mania surrounding so-called meme stocks, which enjoy the support of an army of online retail traders.\nThat crowd is the primary target for the new fund, according to Mazza. While AMC’s presence makes for an unusual start, it’s a reminder that the ETF could well capture future Reddit-fueled rallies.\n“This is a very interesting time in the market on multiple levels,” Mazza said. “Some of the newer investors have been accustomed to only having outsized returns.”\nLOPX’s other holdings look more in keeping with its goals. Tellurian Inc. and billboard advertising company Clear Channel Outdoors Holdings -- both trading at less than $4 a share -- are among them. The fund carries a 0.5% fee.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5301373,"gmtCreate":1627010135300,"gmtModify":1663231361427,"authorId":3573015221477134,"author":{"id":3573015221477134,"idStr":"3573015221477134","authorId":3573015221477134,"name":"三月333","avatar":"https://static.tigerbbs.com/93e98725773411eab2bea62b2beca859","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":175314110,"type":1,"supId":0,"prevId":0,"content":"Your profile is adoreable!","text":"Your profile is adoreable!","html":"Your profile is adoreable!"},{"id":5301124,"gmtCreate":1627008310495,"gmtModify":1663231355428,"authorId":3571037900661236,"author":{"id":3571037900661236,"idStr":"3571037900661236","authorId":3571037900661236,"name":"Acestars","avatar":"https://static.tigerbbs.com/cb536be016acf6e75b6c4b057fc2395b","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":175314110,"type":1,"supId":0,"prevId":0,"content":"yea","text":"yea","html":"yea"}],"langContent":"EN"},{"id":175397190,"gmtCreate":1627005830010,"gmtModify":1703482286354,"author":{"id":"3576114766686283","authorId":"3576114766686283","name":"yagami00","avatar":"https://static.tigerbbs.com/1308dff6ba6fd183873772b3927192c2","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"authorIdStr":"3576114766686283","idStr":"3576114766686283"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/175397190","repostId":1116230744,"repostType":4,"repost":{"id":"1116230744","kind":"news","pubTimestamp":1627004842,"share":"https://ttm.financial/m/news/1116230744?lang=en_US&edition=fundamental","pubTime":"2021-07-23 09:47","market":"us","language":"en","title":"AMC Gets ‘Low Priced’ Tag in New ETF Hit by Indexing Quirk","url":"https://stock-news.laohu8.com/highlight/detail?id=1116230744","media":"Bloomberg","summary":"(Bloomberg) -- The biggest holding in Direxion’s new budget-stock fund is one of the most famously e","content":"<div>\n<p>(Bloomberg) -- The biggest holding in Direxion’s new budget-stock fund is one of the most famously expensive shares in the country.\nA quirk of indexing means AMC Entertainment Holdings -- currently ...</p>\n\n<a href=\"https://finance.yahoo.com/news/amc-low-priced-stock-etf-120806768.html\">Source Link</a>\n\n</div>\n","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC Gets ‘Low Priced’ Tag in New ETF Hit by Indexing Quirk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC Gets ‘Low Priced’ Tag in New ETF Hit by Indexing Quirk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-23 09:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/amc-low-priced-stock-etf-120806768.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- The biggest holding in Direxion’s new budget-stock fund is one of the most famously expensive shares in the country.\nA quirk of indexing means AMC Entertainment Holdings -- currently ...</p>\n\n<a href=\"https://finance.yahoo.com/news/amc-low-priced-stock-etf-120806768.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://finance.yahoo.com/news/amc-low-priced-stock-etf-120806768.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116230744","content_text":"(Bloomberg) -- The biggest holding in Direxion’s new budget-stock fund is one of the most famously expensive shares in the country.\nA quirk of indexing means AMC Entertainment Holdings -- currently pricier than about 90% of S&P 500 members -- has yet to exit the gauge of cheap shares tracked by the exchange-traded fund.\nAs a result, the movie-theater operator and Reddit favorite accounts for almost 7% of the Direxion Low Priced Stock ETF (ticker LOPX) in its first day of trading on Thursday. While the product targets companies with a share price between $2 and $5, AMC closed Wednesday at $40.78.\nThe paradox is the latest headache spurred by Wall Street’s unprecedented indexing boom. As more cash tracks benchmarks, and market swings turn extreme, these slow-moving instruments can leave investors exposed to companies that no longer reflect their aims. Most indexes rebalance every quarter or semi-annually.\nIn the case of LOPX, which follows the Solactive Two Bucks Index, the next quarterly rebalance is due in August, at which time AMC will almost certainly be dropped.\n“We’re going to sell it,” Dave Mazza, head of product at Direxion, said by phone. “And hopefully, we’ll buy another company that could have that same potential.”\nThe Solactive Two Bucks index went live in April, but historical data shows AMC would have entered the gauge about a year ago, when its shares were trading around $4. The company has surged more than 1,800% in 2021 amid the mania surrounding so-called meme stocks, which enjoy the support of an army of online retail traders.\nThat crowd is the primary target for the new fund, according to Mazza. While AMC’s presence makes for an unusual start, it’s a reminder that the ETF could well capture future Reddit-fueled rallies.\n“This is a very interesting time in the market on multiple levels,” Mazza said. “Some of the newer investors have been accustomed to only having outsized returns.”\nLOPX’s other holdings look more in keeping with its goals. Tellurian Inc. and billboard advertising company Clear Channel Outdoors Holdings -- both trading at less than $4 a share -- are among them. The fund carries a 0.5% fee.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5300824,"gmtCreate":1627006170279,"gmtModify":1663231357842,"authorId":3583102796843762,"author":{"id":3583102796843762,"idStr":"3583102796843762","authorId":3583102796843762,"name":"Lawrence88","avatar":"https://static.tigerbbs.com/c41c8eaaa633222579542cff942fc801","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":175397190,"type":1,"supId":5300774,"prevId":0,"content":"like <u>pls</u>","text":"like <u>pls</u>","html":"like <u>pls</u>"},{"id":5300774,"gmtCreate":1627005840179,"gmtModify":1663231356745,"authorId":3576114766686283,"author":{"id":3576114766686283,"idStr":"3576114766686283","authorId":3576114766686283,"name":"yagami00","avatar":"https://static.tigerbbs.com/1308dff6ba6fd183873772b3927192c2","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":175397190,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":5300940,"gmtCreate":1627006852561,"gmtModify":1663231355857,"authorId":3572066448099019,"author":{"id":3572066448099019,"idStr":"3572066448099019","authorId":3572066448099019,"name":"Kyler28","avatar":"https://static.tigerbbs.com/681212068841fb2c5fe507d763806d66","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":175397190,"type":1,"supId":0,"prevId":0,"content":"k","text":"k","html":"k"}],"langContent":"EN"},{"id":175396753,"gmtCreate":1627005682072,"gmtModify":1703482281249,"author":{"id":"3579878222573636","authorId":"3579878222573636","name":"joshua0111","avatar":"https://static.tigerbbs.com/662a143659b3954c78c2e0a2c91c466b","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"authorIdStr":"3579878222573636","idStr":"3579878222573636"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/175396753","repostId":1116230744,"repostType":4,"repost":{"id":"1116230744","kind":"news","pubTimestamp":1627004842,"share":"https://ttm.financial/m/news/1116230744?lang=en_US&edition=fundamental","pubTime":"2021-07-23 09:47","market":"us","language":"en","title":"AMC Gets ‘Low Priced’ Tag in New ETF Hit by Indexing Quirk","url":"https://stock-news.laohu8.com/highlight/detail?id=1116230744","media":"Bloomberg","summary":"(Bloomberg) -- The biggest holding in Direxion’s new budget-stock fund is one of the most famously e","content":"<div>\n<p>(Bloomberg) -- The biggest holding in Direxion’s new budget-stock fund is one of the most famously expensive shares in the country.\nA quirk of indexing means AMC Entertainment Holdings -- currently ...</p>\n\n<a href=\"https://finance.yahoo.com/news/amc-low-priced-stock-etf-120806768.html\">Source Link</a>\n\n</div>\n","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC Gets ‘Low Priced’ Tag in New ETF Hit by Indexing Quirk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC Gets ‘Low Priced’ Tag in New ETF Hit by Indexing Quirk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-23 09:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/amc-low-priced-stock-etf-120806768.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- The biggest holding in Direxion’s new budget-stock fund is one of the most famously expensive shares in the country.\nA quirk of indexing means AMC Entertainment Holdings -- currently ...</p>\n\n<a href=\"https://finance.yahoo.com/news/amc-low-priced-stock-etf-120806768.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://finance.yahoo.com/news/amc-low-priced-stock-etf-120806768.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116230744","content_text":"(Bloomberg) -- The biggest holding in Direxion’s new budget-stock fund is one of the most famously expensive shares in the country.\nA quirk of indexing means AMC Entertainment Holdings -- currently pricier than about 90% of S&P 500 members -- has yet to exit the gauge of cheap shares tracked by the exchange-traded fund.\nAs a result, the movie-theater operator and Reddit favorite accounts for almost 7% of the Direxion Low Priced Stock ETF (ticker LOPX) in its first day of trading on Thursday. While the product targets companies with a share price between $2 and $5, AMC closed Wednesday at $40.78.\nThe paradox is the latest headache spurred by Wall Street’s unprecedented indexing boom. As more cash tracks benchmarks, and market swings turn extreme, these slow-moving instruments can leave investors exposed to companies that no longer reflect their aims. Most indexes rebalance every quarter or semi-annually.\nIn the case of LOPX, which follows the Solactive Two Bucks Index, the next quarterly rebalance is due in August, at which time AMC will almost certainly be dropped.\n“We’re going to sell it,” Dave Mazza, head of product at Direxion, said by phone. “And hopefully, we’ll buy another company that could have that same potential.”\nThe Solactive Two Bucks index went live in April, but historical data shows AMC would have entered the gauge about a year ago, when its shares were trading around $4. The company has surged more than 1,800% in 2021 amid the mania surrounding so-called meme stocks, which enjoy the support of an army of online retail traders.\nThat crowd is the primary target for the new fund, according to Mazza. While AMC’s presence makes for an unusual start, it’s a reminder that the ETF could well capture future Reddit-fueled rallies.\n“This is a very interesting time in the market on multiple levels,” Mazza said. “Some of the newer investors have been accustomed to only having outsized returns.”\nLOPX’s other holdings look more in keeping with its goals. Tellurian Inc. and billboard advertising company Clear Channel Outdoors Holdings -- both trading at less than $4 a share -- are among them. The fund carries a 0.5% fee.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":175390821,"gmtCreate":1627005455463,"gmtModify":1703482272780,"author":{"id":"3582060513966213","authorId":"3582060513966213","name":"Shadowrider","avatar":"https://static.tigerbbs.com/5a097dc665f46a3e5b535d2fd63e682b","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"authorIdStr":"3582060513966213","idStr":"3582060513966213"},"htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/175390821","repostId":1116230744,"repostType":4,"repost":{"id":"1116230744","kind":"news","pubTimestamp":1627004842,"share":"https://ttm.financial/m/news/1116230744?lang=en_US&edition=fundamental","pubTime":"2021-07-23 09:47","market":"us","language":"en","title":"AMC Gets ‘Low Priced’ Tag in New ETF Hit by Indexing Quirk","url":"https://stock-news.laohu8.com/highlight/detail?id=1116230744","media":"Bloomberg","summary":"(Bloomberg) -- The biggest holding in Direxion’s new budget-stock fund is one of the most famously e","content":"<div>\n<p>(Bloomberg) -- The biggest holding in Direxion’s new budget-stock fund is one of the most famously expensive shares in the country.\nA quirk of indexing means AMC Entertainment Holdings -- currently ...</p>\n\n<a href=\"https://finance.yahoo.com/news/amc-low-priced-stock-etf-120806768.html\">Source Link</a>\n\n</div>\n","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC Gets ‘Low Priced’ Tag in New ETF Hit by Indexing Quirk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC Gets ‘Low Priced’ Tag in New ETF Hit by Indexing Quirk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-23 09:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/amc-low-priced-stock-etf-120806768.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- The biggest holding in Direxion’s new budget-stock fund is one of the most famously expensive shares in the country.\nA quirk of indexing means AMC Entertainment Holdings -- currently ...</p>\n\n<a href=\"https://finance.yahoo.com/news/amc-low-priced-stock-etf-120806768.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://finance.yahoo.com/news/amc-low-priced-stock-etf-120806768.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116230744","content_text":"(Bloomberg) -- The biggest holding in Direxion’s new budget-stock fund is one of the most famously expensive shares in the country.\nA quirk of indexing means AMC Entertainment Holdings -- currently pricier than about 90% of S&P 500 members -- has yet to exit the gauge of cheap shares tracked by the exchange-traded fund.\nAs a result, the movie-theater operator and Reddit favorite accounts for almost 7% of the Direxion Low Priced Stock ETF (ticker LOPX) in its first day of trading on Thursday. While the product targets companies with a share price between $2 and $5, AMC closed Wednesday at $40.78.\nThe paradox is the latest headache spurred by Wall Street’s unprecedented indexing boom. As more cash tracks benchmarks, and market swings turn extreme, these slow-moving instruments can leave investors exposed to companies that no longer reflect their aims. Most indexes rebalance every quarter or semi-annually.\nIn the case of LOPX, which follows the Solactive Two Bucks Index, the next quarterly rebalance is due in August, at which time AMC will almost certainly be dropped.\n“We’re going to sell it,” Dave Mazza, head of product at Direxion, said by phone. “And hopefully, we’ll buy another company that could have that same potential.”\nThe Solactive Two Bucks index went live in April, but historical data shows AMC would have entered the gauge about a year ago, when its shares were trading around $4. The company has surged more than 1,800% in 2021 amid the mania surrounding so-called meme stocks, which enjoy the support of an army of online retail traders.\nThat crowd is the primary target for the new fund, according to Mazza. While AMC’s presence makes for an unusual start, it’s a reminder that the ETF could well capture future Reddit-fueled rallies.\n“This is a very interesting time in the market on multiple levels,” Mazza said. “Some of the newer investors have been accustomed to only having outsized returns.”\nLOPX’s other holdings look more in keeping with its goals. Tellurian Inc. and billboard advertising company Clear Channel Outdoors Holdings -- both trading at less than $4 a share -- are among them. The fund carries a 0.5% fee.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5300731,"gmtCreate":1627005660619,"gmtModify":1663231355828,"authorId":3571731917050098,"author":{"id":3571731917050098,"idStr":"3571731917050098","authorId":3571731917050098,"name":"killuz","avatar":"https://static.tigerbbs.com/f2f7506133b4298111ecff9ef46ff33c","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 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0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC Gets ‘Low Priced’ Tag in New ETF Hit by Indexing Quirk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-23 09:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/amc-low-priced-stock-etf-120806768.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- The biggest holding in Direxion’s new budget-stock fund is one of the most famously expensive shares in the country.\nA quirk of indexing means AMC Entertainment Holdings -- currently ...</p>\n\n<a href=\"https://finance.yahoo.com/news/amc-low-priced-stock-etf-120806768.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://finance.yahoo.com/news/amc-low-priced-stock-etf-120806768.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116230744","content_text":"(Bloomberg) -- The biggest holding in Direxion’s new budget-stock fund is one of the most famously expensive shares in the country.\nA quirk of indexing means AMC Entertainment Holdings -- currently pricier than about 90% of S&P 500 members -- has yet to exit the gauge of cheap shares tracked by the exchange-traded fund.\nAs a result, the movie-theater operator and Reddit favorite accounts for almost 7% of the Direxion Low Priced Stock ETF (ticker LOPX) in its first day of trading on Thursday. While the product targets companies with a share price between $2 and $5, AMC closed Wednesday at $40.78.\nThe paradox is the latest headache spurred by Wall Street’s unprecedented indexing boom. As more cash tracks benchmarks, and market swings turn extreme, these slow-moving instruments can leave investors exposed to companies that no longer reflect their aims. Most indexes rebalance every quarter or semi-annually.\nIn the case of LOPX, which follows the Solactive Two Bucks Index, the next quarterly rebalance is due in August, at which time AMC will almost certainly be dropped.\n“We’re going to sell it,” Dave Mazza, head of product at Direxion, said by phone. “And hopefully, we’ll buy another company that could have that same potential.”\nThe Solactive Two Bucks index went live in April, but historical data shows AMC would have entered the gauge about a year ago, when its shares were trading around $4. The company has surged more than 1,800% in 2021 amid the mania surrounding so-called meme stocks, which enjoy the support of an army of online retail traders.\nThat crowd is the primary target for the new fund, according to Mazza. While AMC’s presence makes for an unusual start, it’s a reminder that the ETF could well capture future Reddit-fueled rallies.\n“This is a very interesting time in the market on multiple levels,” Mazza said. “Some of the newer investors have been accustomed to only having outsized returns.”\nLOPX’s other holdings look more in keeping with its goals. Tellurian Inc. and billboard advertising company Clear Channel Outdoors Holdings -- both trading at less than $4 a share -- are among them. The fund carries a 0.5% fee.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":175309031,"gmtCreate":1627005095723,"gmtModify":1703482258616,"author":{"id":"3581765192280157","authorId":"3581765192280157","name":"DandanC","avatar":"https://static.tigerbbs.com/e2a11bfd02ad81137e21e534e8a35232","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"authorIdStr":"3581765192280157","idStr":"3581765192280157"},"htmlText":"AMC is the only play to be in. Join the massive APE fam now and be rewarded! No fear, uncertainty and doubt will stop us! AMC ???????????????","listText":"AMC is the only play to be in. Join the massive APE fam now and be rewarded! No fear, uncertainty and doubt will stop us! AMC ???????????????","text":"AMC is the only play to be in. Join the massive APE fam now and be rewarded! No fear, uncertainty and doubt will stop us! AMC ???????????????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/175309031","repostId":1116230744,"repostType":4,"repost":{"id":"1116230744","kind":"news","pubTimestamp":1627004842,"share":"https://ttm.financial/m/news/1116230744?lang=en_US&edition=fundamental","pubTime":"2021-07-23 09:47","market":"us","language":"en","title":"AMC Gets ‘Low Priced’ Tag in New ETF Hit by Indexing Quirk","url":"https://stock-news.laohu8.com/highlight/detail?id=1116230744","media":"Bloomberg","summary":"(Bloomberg) -- The biggest holding in Direxion’s new budget-stock fund is one of the most famously e","content":"<div>\n<p>(Bloomberg) -- The biggest holding in Direxion’s new budget-stock fund is one of the most famously expensive shares in the country.\nA quirk of indexing means AMC Entertainment Holdings -- currently ...</p>\n\n<a href=\"https://finance.yahoo.com/news/amc-low-priced-stock-etf-120806768.html\">Source Link</a>\n\n</div>\n","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC Gets ‘Low Priced’ Tag in New ETF Hit by Indexing Quirk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC Gets ‘Low Priced’ Tag in New ETF Hit by Indexing Quirk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-23 09:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/amc-low-priced-stock-etf-120806768.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- The biggest holding in Direxion’s new budget-stock fund is one of the most famously expensive shares in the country.\nA quirk of indexing means AMC Entertainment Holdings -- currently ...</p>\n\n<a href=\"https://finance.yahoo.com/news/amc-low-priced-stock-etf-120806768.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://finance.yahoo.com/news/amc-low-priced-stock-etf-120806768.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116230744","content_text":"(Bloomberg) -- The biggest holding in Direxion’s new budget-stock fund is one of the most famously expensive shares in the country.\nA quirk of indexing means AMC Entertainment Holdings -- currently pricier than about 90% of S&P 500 members -- has yet to exit the gauge of cheap shares tracked by the exchange-traded fund.\nAs a result, the movie-theater operator and Reddit favorite accounts for almost 7% of the Direxion Low Priced Stock ETF (ticker LOPX) in its first day of trading on Thursday. While the product targets companies with a share price between $2 and $5, AMC closed Wednesday at $40.78.\nThe paradox is the latest headache spurred by Wall Street’s unprecedented indexing boom. As more cash tracks benchmarks, and market swings turn extreme, these slow-moving instruments can leave investors exposed to companies that no longer reflect their aims. Most indexes rebalance every quarter or semi-annually.\nIn the case of LOPX, which follows the Solactive Two Bucks Index, the next quarterly rebalance is due in August, at which time AMC will almost certainly be dropped.\n“We’re going to sell it,” Dave Mazza, head of product at Direxion, said by phone. “And hopefully, we’ll buy another company that could have that same potential.”\nThe Solactive Two Bucks index went live in April, but historical data shows AMC would have entered the gauge about a year ago, when its shares were trading around $4. The company has surged more than 1,800% in 2021 amid the mania surrounding so-called meme stocks, which enjoy the support of an army of online retail traders.\nThat crowd is the primary target for the new fund, according to Mazza. While AMC’s presence makes for an unusual start, it’s a reminder that the ETF could well capture future Reddit-fueled rallies.\n“This is a very interesting time in the market on multiple levels,” Mazza said. “Some of the newer investors have been accustomed to only having outsized returns.”\nLOPX’s other holdings look more in keeping with its goals. Tellurian Inc. and billboard advertising company Clear Channel Outdoors Holdings -- both trading at less than $4 a share -- are among them. The fund carries a 0.5% fee.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5300905,"gmtCreate":1627006625270,"gmtModify":1663231358928,"authorId":3566532164444643,"author":{"id":3566532164444643,"idStr":"3566532164444643","authorId":3566532164444643,"name":"ZEROHERO","avatar":"https://static.tigerbbs.com/62813b6df1c4722e559d112fadd5486a","vip":2,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.02.05","exceedPercentage":"93.46%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectEnabled":0,"wearingSort":0},"crmLevel":12,"crmLevelSwitch":1,"individualDisplayBadges":[],"wearingBadges":[{"categoryType":1100,"badgeId":"972123088c9646f7b6091ae0662215be-3","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","isScarce":0,"effectEnabled":0,"redirectLinkEnabled":0,"redirectLinkValidityFrom":0,"redirectLinkValidityTo":9223372036854776000,"sortingWeight":0,"wearable":0}]},"repliedAuthorId":0,"objectId":175309031,"type":1,"supId":0,"prevId":0,"content":"Pump up the volume","text":"Pump up the volume","html":"Pump up the volume"},{"id":5300916,"gmtCreate":1627006723344,"gmtModify":1663231357935,"authorId":4087278718158970,"author":{"id":4087278718158970,"idStr":"4087278718158970","authorId":4087278718158970,"name":"Alright","avatar":"https://static.tigerbbs.com/17b986a304be5031eab7c252ee5ea49f","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":175309031,"type":1,"supId":0,"prevId":0,"content":"Apes stronf","text":"Apes stronf","html":"Apes stronf"}],"langContent":"EN"},{"id":175977534,"gmtCreate":1627005038728,"gmtModify":1703482256793,"author":{"id":"3582431952447941","authorId":"3582431952447941","name":"takeshi21","avatar":"https://static.tigerbbs.com/3b01d3b3d8f783b23970f9ae87894dc1","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"authorIdStr":"3582431952447941","idStr":"3582431952447941"},"htmlText":"Chance","listText":"Chance","text":"Chance","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/175977534","repostId":1116230744,"repostType":4,"repost":{"id":"1116230744","kind":"news","pubTimestamp":1627004842,"share":"https://ttm.financial/m/news/1116230744?lang=en_US&edition=fundamental","pubTime":"2021-07-23 09:47","market":"us","language":"en","title":"AMC Gets ‘Low Priced’ Tag in New ETF Hit by Indexing Quirk","url":"https://stock-news.laohu8.com/highlight/detail?id=1116230744","media":"Bloomberg","summary":"(Bloomberg) -- The biggest holding in Direxion’s new budget-stock fund is one of the most famously e","content":"<div>\n<p>(Bloomberg) -- The biggest holding in Direxion’s new budget-stock fund is one of the most famously expensive shares in the country.\nA quirk of indexing means AMC Entertainment Holdings -- currently ...</p>\n\n<a href=\"https://finance.yahoo.com/news/amc-low-priced-stock-etf-120806768.html\">Source Link</a>\n\n</div>\n","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC Gets ‘Low Priced’ Tag in New ETF Hit by Indexing Quirk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC Gets ‘Low Priced’ Tag in New ETF Hit by Indexing Quirk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-23 09:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/amc-low-priced-stock-etf-120806768.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- The biggest holding in Direxion’s new budget-stock fund is one of the most famously expensive shares in the country.\nA quirk of indexing means AMC Entertainment Holdings -- currently ...</p>\n\n<a href=\"https://finance.yahoo.com/news/amc-low-priced-stock-etf-120806768.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://finance.yahoo.com/news/amc-low-priced-stock-etf-120806768.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116230744","content_text":"(Bloomberg) -- The biggest holding in Direxion’s new budget-stock fund is one of the most famously expensive shares in the country.\nA quirk of indexing means AMC Entertainment Holdings -- currently pricier than about 90% of S&P 500 members -- has yet to exit the gauge of cheap shares tracked by the exchange-traded fund.\nAs a result, the movie-theater operator and Reddit favorite accounts for almost 7% of the Direxion Low Priced Stock ETF (ticker LOPX) in its first day of trading on Thursday. While the product targets companies with a share price between $2 and $5, AMC closed Wednesday at $40.78.\nThe paradox is the latest headache spurred by Wall Street’s unprecedented indexing boom. As more cash tracks benchmarks, and market swings turn extreme, these slow-moving instruments can leave investors exposed to companies that no longer reflect their aims. Most indexes rebalance every quarter or semi-annually.\nIn the case of LOPX, which follows the Solactive Two Bucks Index, the next quarterly rebalance is due in August, at which time AMC will almost certainly be dropped.\n“We’re going to sell it,” Dave Mazza, head of product at Direxion, said by phone. “And hopefully, we’ll buy another company that could have that same potential.”\nThe Solactive Two Bucks index went live in April, but historical data shows AMC would have entered the gauge about a year ago, when its shares were trading around $4. The company has surged more than 1,800% in 2021 amid the mania surrounding so-called meme stocks, which enjoy the support of an army of online retail traders.\nThat crowd is the primary target for the new fund, according to Mazza. While AMC’s presence makes for an unusual start, it’s a reminder that the ETF could well capture future Reddit-fueled rallies.\n“This is a very interesting time in the market on multiple levels,” Mazza said. “Some of the newer investors have been accustomed to only having outsized returns.”\nLOPX’s other holdings look more in keeping with its goals. Tellurian Inc. and billboard advertising company Clear Channel Outdoors Holdings -- both trading at less than $4 a share -- are among them. The fund carries a 0.5% fee.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":false,"newsSizeData":{"likeSize":110,"commentSize":9,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}