NEW YORK, July 29, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated financial markets for 12,000 U.S. and global securities, today announced the second quarter 2024 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 1% in Q2 2024. 34 new companies joined the Index while 39 companies were removed. Solarbank Corp (SUUN) went to NASDAQ on 4/8/2024 and Hafnia Ltd (HAFN) went to NYSE on 4/9/2024.
The OTCQX Billion+ Index (.OTCQXBIL), which tracks the performance of $1 billion-plus market cap OTCQX companies was up 1.1% in Q2 2024. 4 new companies joined the Index and 2 companies were removed.
The OTCQX Dividend Index (.OTCQXDIV), which tracks dividend-paying U.S. and international OTCQX companies, was up 0.9% in Q2 2024. 10 new companies joined the Index, while 12 companies were removed.
The OTCQX Banks Index (.OTCQXBK), comprised of OTCQX community and regional banks, was down 0.7% in Q2 2024. 8 companies joined the Index while 6 companies were removed.
The OTCQX International Index (.OTCQXINT), a benchmark for international OTCQX companies, was down 1.0% in Q2 2024. 17 new companies joined the Index while 25 companies were removed.
The OTCQX Canada Index (.OTCQXCAN), which tracks Canadian OTCQX companies index was down slightly 0.4% in Q2 2024. 10 new companies joined the Index while 22 companies were removed.
The OTCQX U.S. Index (.OTCQXUS), a benchmark for U.S. OTCQX companies, was down 3.1% in Q2 2024. 17 new companies joined the Index while 13 companies were removed.
The OTCQX Cannabis Index (.OTCQXMJ), a benchmark for cannabis companies, was down 23.4% in Q2 2024. 1 new companies joined the Index while 3 companies were removed.
The OTCQB Venture Index (.OTCQB), which tracks the overall OTCQB Venture Market, was down 6.1% in Q2 2024. 103 companies were added to the index while 115 companies were removed. Skye Bioscience Inc. (SKYE) went to NASDAQ on 4/11/2024. Solaris Resources Inc.(SLSR) went to NYSE MKT on 4/19/2024. Sow Good Inc. went to NASDAQ on 5/2/2024. SmartKem, Inc. (SMTK) went to NASDAQ on 5/31/2024. 6 securities went from OTCQB to OTCQX in Q2 and are now included in at least one of the OTCQX Indices.
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, OTCQX Cannabis 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 regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.
Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
