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NIXT is an ETF for S&P 500 rejects. I do not think there is an ETF for DJIA rejects. I bought a few of DJIA rejects and they did very well after getting kicked out.
The bizarre weighting scheme of the DJ 30, giving greater weight to stocks by price not market cap, means INVD will be pretty far down the list. This despite the fact that Nividia and Apple are neck-and-neck in the race for biggest company. Stone Age is what comes to my mind.
NVDA will be placed initially between CVX and MMM in DJIA, in the bottom 3rd of DJIA. Remember that NVDA recently split its stock. Who knows, it may double or triple again to dominate DJIA (-:).
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The index reconstruction effect: An event study on the OMX Stockholm Benchmark Index
NIXT is an ETF for S&P 500 rejects. I do not think there is an ETF for DJIA rejects. I bought a few of DJIA rejects and they did very well after getting kicked out.