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OTC Markets Group Announces Quarterly Index Performance and Rebalancing

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OTC Markets Group Announces Quarterly Index Performance and Rebalancing

PR Newswire

NEW YORK, Oct. 17, 2018 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX:OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced the third quarter 2018 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 2.6% in the third quarter. Fifty new companies were added to the index, including: AusCann Group Holdings Ltd. ((ACNNF), Community Bancorp, Inc. ((CMTV), Freedom Oil and Gas Ltd. ((FDMQY), Lyons Bancorp, Inc. https://www.otcmarkets.com/stock/CZID/overview ((LYBC), Organigram Holdings, Inc. ((OGRMF), Sky Plc ((BSYBF) and Victory Square Technologies Inc ((VSQTF). Fifteen companies were removed from the index, including: Riverview Financial (OTCQX:RIVE), which graduated to NASDAQ on 8/14/18, SilverCrest Metals (OTCQX:SILV) which went to NYSE AMERICAN on 8/21/18 and FVCBankcorp (OTCQX:FVCB) which graduated to NASDAQ on 9/14/18.

The OTCQX Billion+ Index (.OTCQXBIL), which tracks the performance of $1 billion-plus market cap OTCQX companies, was up 2.6% for the quarter.  Six companies were added to the index, including Largo Resources Ltd. ((LGORF) and Green Organic Dutchman Holdings Ltd. ((TGODF). Four companies were removed.

The OTCQX Dividend Index (.OTCQXDIV), which tracks dividend-paying U.S. and international OTCQX companies, was up 2.4% in the quarter.  Sixteen new companies were added to the index and 7 companies were removed.

The OTCQX Banks Index (.OTCQXBK), comprised of OTCQX community and regional banks, increased 2.7% in the quarter.  Fifteen companies were added to the index in the quarter and 6 companies were removed. The 15 banks added were: Community Capital Bancshares, Inc. ((ALBY), Blue Valley Ban Corp. ((BVBC), Coastal Carolina Bancshares Inc. ((CCNB), Community Bancorp, Inc. ((CMTV), Delmar Bancorp ((DBCP), Dacotah Banks, Inc. ((DBIN), Equitable Financial Corp. ((EQFN), First Farmers Financial Corp. ((FFMR), Greater Hudson Bank (NY) ((GHDS), GrandSouth Bancorporation ((GRRB), Lyons Bancorp, Inc. ((LYBC), MetroCity Bankshares Inc. ((MCBS), SVB&T Corporation ((SVBT) and Victory Bancorp Inc. ((VTYB).

The OTCQX International Index (.OTCQXINT), a benchmark for international OTCQX companies, was up 2.6% for the quarter. Twenty-nine companies were added to the index and 6 companies were removed.

The OTCQX Canada Index (.OTCQXCAN), which tracks Canadian OTCQX companies, was up 7.6% in the third quarter.   Twenty companies were added to the index and 3 companies were removed. Among those added: Almonty Industries Inc. ((ALMTF), Fortress Global Enterprises Inc. ((FTPLF), Invictus MD Strategies Corp. ((IVITF) and Petroshale, Inc. ((PSHIF).

The OTCQX U.S. Index (.OTCQXUS), a benchmark for U.S. OTCQX companies, was down 1.2% in the third quarter.  Twenty-one companies were added to the index and 9 companies were removed.

The OTCQB Venture Index (.OTCQB), which tracks the overall OTCQB Venture Market, was up 7.5% in the third quarter.  One hundred twenty-seven companies were added to the index and eighty companies were rmoved.  Among those added: AIT Therapeutics, Inc. ((AITB), Premier Biomedical Inc ((BIEI) and Quantum Energy, Inc. ((QEGY). Eighty companies were removed from the index, including: Chaparral Energy (OTCQB:CHAP) which graduated to NYSE on 7/4/2018 and 3Pea International (OTCQB:TPNL) which graduated to NASDAQ on 8/10/2018.

For a list of all index additions and deletions, visit
https://www.otcmarkets.com/files/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 and OTC Link ECN, 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 and OTC Link ECN are 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

OTC Markets Group logo. (PRNewsFoto/OTC Markets Group)

 

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SOURCE OTC Markets Group Inc.

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