OTC Markets Group Inc has announced the fourth quarter 2021 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 3.5% in the fourth quarter. Forty-one new companies were added to the index, including CIB Marine Bancshares Inc; E3 Metals Corp (TSX-V:ETMC); T Stamp Inc; PROSTAR HLDGS INC; Starr Peak Mining Ltd; and Grayscale Zcash Trust. Forty-seven were removed from the index, including Skeena Resources Limited (TSX:SKE, OTCQX:SKREF) which graduated to the NYSE.; Augmedix Inc (OTCQX:AUGX); Bayfirst Financial Corp; Harte Hanks Inc; The Valens Company; and FingerMotion Inc which graduated to NASDAQ.
The OTCQX Billion+ Index (.OTCQXBIL), which tracks the performance of $1 billion-plus market cap OTCQX companies, was up 3.4% for the quarter. Seven companies were added to that index, including Koninklijke Ahold Delhaize N.V.; Alumina Limited (ASX:AWC); Filo Mining Corp (OTCQX:FLMMF, TSX-V:FIL); Grupo Financiero Banorte, S.A.B. De C.V.; Great Bear Resources (TSX-V:GBR) Ltd; Solvay S.A.; and Tate & Lyle (LSE:TATE), PLC. Eight companies were removed.
READ: OTC Markets unveils the 2022 OTCQX Best 50, a ranking of the top-performing OTCQX companies in the prior calendar year
The OTCQX Dividend Index (.OTCQXDIV), which tracks dividend-paying US and international OTCQX companies, was up 3.5% in the quarter. Thirteen new companies were added to that index including Alvopetro Energy Ltd; Amerigo Resources LTD; Embassy Bancorp Inc.; Marquette National Corp; NewLake Capital Partners Inc Q.E.P. Co. Inc; and Sailfish Royalty Corp. Twelve companies were removed.
The OTCQX Banks Index (.OTCQXBK), comprised of OTCQX community and regional banks, increased 3.6% in the fourth quarter. Eight banks were added to the index in the quarter and thirteen companies were removed. The eight banks added were Bank of San Francisco; Commencement Bancorp Inc; CIB Marine Bancshares Inc; Embassy Bancorp Inc. (OTCQX:EMYB) FineMark Holdings Inc; Integrated Financial Holdings Inc; Lyons Bancorp Inc and Marquette National Corp.
The OTCQX International Index (.OTCQXINT), a benchmark for international OTCQX companies, was up 3.5% for the quarter. Twenty-four companies were added to the index including Coinshares International Limited; CloudMD Software & Services Inc; Flow Beverage Corp; Gage Growth Corp; Kenorland Minerals Ltd; Raffles Financial Group Limited; Starr Peak Mining Ltd; Tartisan Nickel Corp; and Wallbridge Mining Company Ltd. Twenty-four companies were removed.
The OTCQX Canada Index (.OTCQXCAN), which tracks Canadian OTCQX companies, was down 2.2% in the fourth quarter. Twenty-six companies were added to the index and fifteen companies were removed.
The OTCQX US Index (.OTCQXUS), a benchmark for U.S. OTCQX companies, was up 0.9% in the fourth quarter. Seventeen companies were added to the index and twenty-three companies were removed.
The OTCQX Cannabis Index (.OTCQXMJ), a benchmark for cannabis companies, was down 29.7% in the fourth quarter. Fourteen new companies joined the index. Thirteen companies were removed.
The OTCQB Venture Index (.OTCQB), which tracks the overall OTCQB Venture Market, was down 3.2% in the fourth quarter. One hundred forty-three companies were added to the index. Seventy-nine companies were removed from the index.
Additionally, five securities upgraded from OTCQB to OTCQX in the fourth quarter and are now included in at least one of the OTCQX Indices.
For a list of all index additions and deletions, investors can visit: https://www.otcmarkets.com/files/Quarterly_Index_Constituent_Changes.pdf
OTC Markets Group operates the OTCQX Best Market, the OTCQB Venture Market and the Pink Open Market for 11,000 US and global securities.
Through OTC Link ATS and OTC Link ECN, it connects a diverse network of broker-dealers that provide liquidity and execution services and enables investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
Contact the author at jon.hopkins@proactiveinvestors.com