Ann: Low pH Permit Amendment request submitted, page-18

PEN has an average daily volume of far less than USD200,000 and under the new index the maximum allowed weight of a company with 3 months average daily volume of https://www.solactive.com/wp-conten...Technology-Total-Return-Index-Methodology.pdf

So unless the fund was going to hold stocks contrary to the index guidelines it needs to reduce its holdings from the current 1.7% weighting to a maximum of 0.5%. This change in composition needs to take place by 31 July - or about 160,000 less shares a day. That rate of selling was taking place until over the past few days when GX instead started buying.