$Micron Technology(MU)$ It's worth noting that around 550 million shares, about half the float, are held by institutional index and ETF funds. These institutions will need to rebalance their funds at the end of Q2 in June. Most of these funds are weighted by market cap, and since Q1, MU's market cap has more than doubled. This will give MU a significantly larger weight in these funds and will “require” many institutions to buy more shares to weight them appropriately. If the price reaches $1000 by the end of June, they'll need to buy even more. That's a positive development.
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