29 year old Edward Snowden says the US government has a program
that enabled him to secretly wiretap anyone he wanted, even the President of
the United States. Such government power
may not surprise you but did you know that Mr. Snowden isn’t even a government
employee? The high school dropout with
such awesome power is an employee of Booz Allen Hamilton, an information technology
company giving new meaning to its sector.
If you are wondering how yesterday’s 2.5% drop in the company’s stock
price may have impacted your ETFs, enter its symbol, BAH, in the upper right
search box.
The answer is probably not too much. Underneath the data box and interactive price
chart you will see the equity’s ETP Grey Market Summary showing that 0.57% of
BAH’s market capitalization is exposed to exchange traded products. We say exposed because some of the 42 listed
products track indices of which it is a member without actually holding the
equity. They include leveraged and
inverse funds that use futures and swaps to achieve their stated exposure. Investors who believe those derivatives
ultimately get hedged with the underlying like to look at our implied exposure
among those products calculated to the position amount based on its index weight,
fund size and leverage factor.
BAH is somewhat unique in that its $2.44 billion market cap
straddles different segmentations. Small,
mid and large cap funds all appear on the list of 42 at the bottom of the report,
albeit with mostly low weights. Larger
exposures can be found among the constituents of the S&P 500 and we have
compiled a concise list just for that that group. Found under the Research button, the S&P Grey
Market Report lists all 500 companies in one place, sortable by any
column. Clicking on a symbol brings up
that company’s individual Grey Market Report which is available for any equity.
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