Vanguard Group upped its stake to 10.3%
Because Elon's buying drove up the price.
Vanguard is an index fund, their buying and selling is market capitalization weighted. Reading "into" their buying and selling habits is futile, their behavior is almost entirely algorithmic. It was absolutely predictable that if Elon drove up twitter's market cap, within a couple days Vanguard would have to buy accordingly to rebalance.
Vanguard Group upped its stake to 10.3%
Because Elon's buying drove up the price.
Vanguard is an index fund, their buying and selling is market capitalization weighted. Reading "into" their buying and selling habits is futile, their behavior is almost entirely algorithmic. It was absolutely predictable that if Elon drove up twitter's market cap, within a couple days Vanguard would have to buy accordingly to rebalance.
It's actually a known phenomena and that's why "front running" is technically illegal, even though anyone with a computer and the raw data can easily predict what the index funds will have to do every night and try to get in front of them.
Vanguard Group upped its stake to 10.3%
Because Elon's buying drove up the price.
Vanguard is an index fund, their buying and selling is market capitalization weighted. Reading "into" their buying and selling habits is futile, their behavior is almost entirely algorithmic. It was absolutely predictable that if Elon drove up twitter's market cap, within a couple days Vanguard would have to buy accordingly to rebalance.
It's actually a known phenomena and that's why "front running" is technically illegal, even though anyone with a computer and the raw data can easily predict what the index funds will do every night.
Vanguard Group upped its stake to 10.3%
Because Elon's buying drove up the price.
Vanguard is an index fund, their buying and selling is market capitalization weighted. Reading "into" their buying and selling habits is futile, their behavior is almost entirely algorithmic. It was absolutely predictable that if Elon drove up twitter's market cap, within a couple days Vanguard would have to buy accordingly to rebalance.
Vanguard Group upped its stake to 10.3%
Because Elon's buying drove up the price.
Vanguard is an index fund, their buying and selling is market capitalization weighted. Reading "into" their buying and selling habits is futile, their behavior is almost entirely algorithmic.