Yes. Hedge funds make money off these movements all the time. It’s called index rebalancing and some funds (such as Millennium) made millions off it in recent y

Yes. Hedge funds make money off these movements all the time. It’s called index rebalancing and some funds (such as Millennium) made millions off it in recent years. It’s a bit of a crowded trade now so traders don’t make as much as they used to on this type of wager.