OTC Markets Group Announces Quarterly Index Performance and Rebalancing

NEW YORK, Jan. 16, 2018 /PRNewswire/ -- OTC Markets Group Inc. (OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced the fourth quarter 2018 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 down 11.2% in the fourth quarter. Fourty-one new companies were added to the index, including: Adventus Zinc Corporation (OTCQX: ADVZF), Charlottes Web Hldgs Inc. (OTCQX: CWBHF), Harvest Oil & Gas Corp. (OTCQX: HRST), Medicine Man Technologies Inc. (OTCQX: MDCL), Overstock.com, Inc. (OTCQX:OSTDP), U & I Financial Corp. (OTCQX: UNIF). Fifty-one were removed from the index, including: Aurora Cannabis (ACB), which graduated to NYSE on 10/23/18 and Creative Realities (CREX)  which graduated to NASDAQ on 11/15/18.

The OTCQX Billion+ Index (.OTCQXBIL), which tracks the performance of $1 billion-plus market cap OTCQX companies, was down 11% for the quarter.  Five companies were added to the index, including Impala Platinum Holdings Ltd. (OTCQX: IMPUY) and Travis Perkins Plc (OTCQX: TPRKY). Eleven companies were removed.

The OTCQX Dividend Index (.OTCQXDIV), which tracks dividend-paying U.S. and international OTCQX companies, was down 10.6% in the quarter. Six new companies were added to the index and 22 companies were removed.

The OTCQX Banks Index (.OTCQXBK), comprised of OTCQX community and regional banks, decreased 8.3% in the fourth quarter.  Twelve companies were added to the index in the quarter and 12 companies were removed. The 12 banks added were: Consumers Bancorp, Inc. (OTCQX:CBKM), CCF Holding Co.(OTCQX:CCFH), Century Next Financial Corp. (OTCQX: CTUY), Delmarva Bancshares, Inc.(OTCQX: DLMV), First National Bank Alaska (OTCQX: FBAK), InsCorp, Inc.(OTCQX:IBTN), Kish Bancorp, Inc.(OTCQX: KISB), Quaint Oak Bancorp, Inc.(OTCQX: QNTO), Revere Bank (OTCQX: REVB), U & I Financial Corp. (OTCQX:UNIF), Valley Republic Bancorp (OTCQX: VLLX), and VSB Bancorp, Inc.(OTCQX: VSBN).

The OTCQX International Index (.OTCQXINT), a benchmark for international OTCQX companies, was down 11.2% for the quarter. Twenty-two companies were added to the index and 28 companies were removed.

The OTCQX Canada Index (.OTCQXCAN), which tracks Canadian OTCQX companies, was down 31.6% in the fourth quarter.   Eighteen companies were added to the index and 16 companies were removed. Among those added: First Vanadium Corp. (OTCQX: FVANF),  CannaRoyalty Corp. (OTCQX: ORHOF) and 1933 Industries Inc. (OTCQX: TGIFF).

OTCQX U.S. Index (.OTCQXUS), a benchmark for U.S. OTCQX companies, was down 13.8% in the fourth quarter.  Nineteen companies were added to the index and 22 companies were removed.

The OTCQB Venture Index (.OTCQB), which tracks the overall OTCQB Venture Market, was down 19.0% in the fourth quarter.  One hundred nine companies were added to the index.  Among those added: Abtech Holdings, Inc. (OTCQB: ABHD), Bright Mountain Media, Inc. (OTCQB: BMTM) and MJ Holdings, Inc. (OTCQB: MJNE). One hundred forty-eight companies were removed from the index, including: Avalon GloboCare (AVCO) which graduated to NASDAQ on 11/5/2018, Roan Resources (ROAN) which graduated to NYSE on 11/9/2018,.Diamedica Therapeutics (DMAC) which graduated to NASDAQ on 12/7/2018, Enochian Biosciences (ENOB) which graduated to NASDAQ on 12/10/2018, Alkaline Water Company (WTER) which graduated to NASDAQ on 12/10/2018, and Datasea (DTSS) which graduated to NASDAQ on 12/19/2018.

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 and OTCQB Venture Index have minimum liquidity screens to ensure tradability.