Russell index changes could have bigger impact on NASDAQ:SPCX than Iran news this week
SpaceX could see trading driven by its coming shift into the Russell 1000 this week, possibly overriding Iran headlines. The company’s Class A shares trade on Nasdaq. FTSE Russell says it will add SpaceX to its large-cap index. NASDAQ:SPCX faces a set deadline. Index-tracking funds have to shift their holdings after the close on Friday, June 26, as part of the reconstitution, before the new versions start trading on Monday. “Each year’s reconstitution captures shifts in company size and market leadership,” said Catherine Yoshimoto, FTSE Russell’s director of product management.