Jun. 30 at 9:22 PM
$HQ
1) I believe public float is currently around 6M shares
2) roughly 3M HQWWW warrants can be exercised to increase the float at any time; however, they trade w/ premium so they are unlikely to converted (rather than sold)
3) the reason to convert warrants is a claw back option, which allows HQ to buy them back once the stock price trades at or over
$18 for 20 of 30 days. The stock has only been above 18 for 10 days so there are at least 8 days left.
4) QTUM must simply buy/sell their weighted basket based on inflows/outflow. They seem to have some ability to adjust weighting as they went bigger into HQ (while other holdings decreased) as HQ dropped from 40 to 23.
5) the exposure limit for QTUM is
$ADV calculated to be around 13.3% (not an issue currently at 2.07% of the fund)
6) QTUM ownership of HQ float via inflows and weighting was
June 22nd ~82.5%
June 27th ~87.8%
June 29th ~89.5%
7) the remaining float is locked up per the IPO/merger
Can't wait to see QTUM stats later today
