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发表于 2010-12-7 12:23 PM
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S&P To Increase Citi Float Factor After Close, Index Funds Have 374 Million Shares To Buy
Today is a good time to bet C ...
Following last night's sale of Citi Treasury shares, we have learned that S&P will increase the float factor of Citigroup in the S&P after the close from 88% to 100%. As a trading desk reports: "We estimate S&P index funds have up to 374 mln shares to buy today (~89% of ADV), assuming no offer participation. S&P 500 indexers have a large funding trade to fund the C buy ($1.7 bln SPX for sale)." In other words, expect some substantial fireworks, especially if State Street joins in the fray once again and make the stock HTB at tactical times during the day. |
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