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Blackrock and Vanguard own GME because they operate the biggest S&P ETFs and mutual funds. GME has increased its percentage of the S&P because retail investors
by kasey_junk 5y ago
Blackrock and Vanguard own GME because they operate the biggest S&P ETFs and mutual funds.
GME has increased its percentage of the S&P because retail investors have bought the position. Blackrock is not taking a position that a short squeeze is possible they are just reacting to the index.
- odonnellryan 5y agoGME isn't in the SPX
- kasey_junk 5y agoThey are in sp400 which also makes them a constituent of sp1000. Further they are in sptmi which massive etfs like vanguards vti & blackrocks itot are benchmarked against st.
- odonnellryan 5y agoAh sorry - for some reason I thought you said SP500. Should not comment before coffee :(