HEP will be removed from the Alerian MLP Index Friday June 17.We may have a fire sale next week.Comments!
The Alerian index rebalance is just an excuse for the vultures to leave one carcass and go pick flesh from another. Good riddance. Good buying op for the rest of us.
I read an article once claiming index change activity is worst before the actual change date. But this one is an awful short time frame if it's Friday.
Funds that follow the Alerian index will have to liquidate. I have a large position in AMJ and major holders on Yahoo shows they own 229,000 shares.I'm sure someone will pick up the shares at a discount.