OTC Markets Group Announces Quarterly Index Performance and Rebalancing
NEW YORK, Oct. 13, 2017 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced the third quarter 2017 performance and quarterly rebalancing of the OTCQX® and OTCQB® indexes, including the OTCQX Canada Index and the OTCQX Dividend Index.
The OTCQX Composite Index (.OTCQX), a benchmark for the overall OTCQX Best Market, was up 5.8% in the first quarter. Thirty-four companies were added to the index, including Amplify Energy Corp. (OTCQX: AMPY), Birner Dental Management Services, Inc. (OTCQX: BDMS), Covalon Technologies Ltd. (OTCQX: CVALF), Fortress Paper Ltd. (OTCQX: FTPLF) GlassBridge Enterprises, Inc. (OTCX: GLAE), Nighthawk Gold Corp.(OTCQX: MIMZF), Thirty-two companies were removed from the index, including Auryn Resources which graduated to NYSE MKT on July 17, 2017 and Coda Octopus Group which graduated to NASDAQ on July 19, 2017.
The OTCQX Billion+ Index (.OTCQXBIL), which tracks the performance of $1 billion-plus market cap OTCQX companies, was up 5.7% for the quarter. Five companies were added to the index, including the Bitcoin Investment Trust (OTCQX: GBTC), the first publicly-traded Bitcoin trust in the U.S. and 6 companies were removed.
The OTCQX Dividend Index (.OTCQXDIV), which tracks dividend-paying U.S. and international OTCQX companies, rose 5.3% in the quarter. Nine companies were added to the index and 8 companies were removed.
The OTCQX Banks Index (.OTCQXBK), comprised of OTCQX community and regional banks, increased 4.9% in the quarter. Nine companies were added to the index in the quarter and 5 companies were removed. The nine banks added were: Blue Valley Ban Corp.(OTCQX: BVBC), California Bancorp (OTCQX: CALB), Citba Financial Corp. (OTCQX: CBAF), First West Virginia Bancorp, Inc. (OTCQX: FWVB), MetroCity Bankshares Inc.(OTCQX: MCBS), Marquette National Corp.(OTCQX: MNAT), NASB Financial, Inc.(OTCQX: NASB), Prime Meridian Holding Co. (PMHG) and Union Bank (OTCQX: UBNC).
The OTCQX International Index (.OTCQXINT), a benchmark for international OTCQX companies, was up 5.7% for the quarter. Nineteen companies were added to the index and 18 companies were removed.
The OTCQX Canada Index (.OTCQXCAN), which tracks Canadian OTCQX companies, rose 18.0% in the third quarter. Seventeen companies were added to the index and 10 companies were removed.
The OTCQX U.S. Index (.OTCQXUS), a benchmark for U.S. OTCQX companies, was up 10.3% in the third quarter. Fifteen companies were added to the index and 14 companies were removed.
The OTCQB Venture Index (.OTCQB), which tracks the overall OTCQB Venture Market, was up 3.5% in the third quarter. One hundred four companies were added to the index and 103 companies were removed. For the first time, an OTCQX company and OTCQB company merged to create a new OTCQX company. Brekford Traffic Safety and Keystone Solutions merged on 8/28/17 to form Novume Solutions (OTCQX: NVMM).
The OTCM QX ADR 30 Index (.OTCQX30), powered by BNY Mellon DR IndicesSM and comprised of the 30 largest, most actively-traded OTCQX American Depositary Receipts, was up 5.4% in the third quarter. Three companies were added to the index and 3 companies were removed.
The OTCM ADR Index (.OTCDR), powered by BNY Mellon DR Indices and comprised of ADRs traded on the OTCQX, OTCQB and Pink® markets, rose 5.5% in the quarter. Eight companies were added to the index and 14 companies were removed.
For a list of all index additions and deletions, visit
http://www.otcmarkets.com/content/doc/Quarterly_Index_Constituent_Changes.pdf
All indexes are market capitalization-weighted and adjusted on a quarterly basis for additions and share changes over 5% during the months of March, June, September and December. In the case of ADRs, the DR ratio is considered. Dividends are re-invested as of the close of business the day before the ex-dividend date.
The OTCQX Composite Index, OTCQX Billion+ Index, OTCQX Dividend Index, OTCQX International Index, OTCQX U.S. Index, OTCQX Banks Index and OTCQB Venture Index have minimum liquidity screens to ensure tradability.
All index data is priced in real-time and is available on the OTC Markets Group website, www.otcmarkets.com, and via major financial data distributors and websites, including Bloomberg, Reuters and FT.com.
Past performance does not guarantee future results. Investors cannot invest directly in any of these indexes.
OTC Markets Group Inc. provides no advice, recommendation or endorsement with respect to any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market, and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
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SOURCE OTC Markets Group Inc.
