re: Official Erin Energy (ERN) thread

Any Russell 3000 ETFs will now have to include ERN, and if ERN is placed in the 2000 small cap index, those ETFs will have to purchase it as well- enough shares to be equal to the benchmark weighting. So if ERN is, say, 0.2% of the benchmark, then the ETFs need to have 0.2% of all of their assets in ERN. Any institutions that purchase stocks that are in the Russell 3000 can also now purchase ERN stock, though that is entirely at their discretion.