NEW YORK, April 18, 2016 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced the first quarter 2016 performance and quarterly rebalancing of the OTCQX® indexes, the OTCQB® Venture Index, the OTCM QX ADR Index ("OTCQX30") and the OTCM ADR Index.
The OTCQX Composite Index (.OTCQX), which tracks the overall performance of the OTCQX Best Market, declined 0.7% in the first quarter, compared to a 4.5% gain in the fourth quarter 2015. Forty-two companies were added to the Index in the quarter and 62 companies were removed, including Nano Dimension Ltd., which graduated from OTCQX to the NASDAQ Capital Market on March 7.
The OTCQX Billion+ Index (.OTCQXBIL), which tracks the performance of OTCQX companies with a market capitalization of $1 billion or greater, was down 0.8% in the first quarter, compared to a 4.6% gain in the fourth quarter 2015. Five companies were added to the Index in the quarter and five companies were removed.
The OTCQX Banks Index (.OTCQXBK), comprised of investor-focused community and regional banks traded on OTCQX, declined 0.3% in the first quarter, compared to a 6.4% gain in the fourth quarter 2015. Ten companies were added to the Index during the quarter: Citba Financial Corp. (OTCQX: CBAF), First Federal of Northern Michigan Bancorp, Inc. (OTCQX: FFNM), Farmers & Merchants Bancorp (OTCQX: FMCB), The Little Bank, Inc. (Kinston, NC) (OTCQX: LTLB), Mission Valley Bancorp (OTCQX: MVLY), PBB Bancorp (OTCQX: PBCA), Prime Meridian Holding Co. (OTCQX: PMHG), Quaint Oak Bancorp, Inc. (OTCQX: QNTO), Suncrest Bank (Visalia, CA) (OTCQX: SBKK) and VSB Bancorp, Inc. (OTCQX: VSBN). Eight companies were removed from the Index in the quarter.
The OTCQX International Index (.OTCQXINT), a benchmark for OTCQX international companies, was down 0.7% in the quarter, compared to a 4.5% rise in the fourth quarter.
Nineteen companies were added to the Index in the quarter and 45 were removed, including Nano Dimension Ltd.
The OTCQX U.S. Index (.OTCQXUS), comprised of established, investor-driven U.S.-based OTCQX companies, declined 0.8% in the first quarter, compared to a 9.8% gain in the fourth quarter 2015. Twenty-three companies were added to the Index in the quarter and 18 were removed.
The OTCQB Venture Index (.OTCQB), which tracks the overall performance of the OTCQB Venture Market, rose 14.3% in the first quarter 2016, compared to a 7.0% decline in the fourth quarter 2015. One hundred five companies were added to the Index in the quarter and 116 companies were removed, including IZEA Inc., which moved to NASDAQ on February 26; SPI Energy Co. Ltd., which graduated to NASDAQ on January 19; LabStyle Innovations Corp., which graduated to NASDAQ on March 4; ViewRay, Inc., which moved to NASDAQ on March 31; and Workhorse Group Inc., which graduated to NASDAQ on January 7.
The OTCM QX ADR 30 Index (.OTCQX30), powered by BNY Mellon DR IndicesSM and comprised of the 30 largest, most actively-traded American Depositary Receipts (ADRs) on OTCQX, was flat in the first quarter, compared to a 4.89% gain in the fourth quarter. Three companies were added to the Index in the quarter and three companies were removed.
The OTCM ADR Index (.OTCDR) powered by BNY Mellon DR Indices and comprised of ADRs traded on the OTCQX, OTCQB and Pink Markets, declined 0.9% in the first quarter, compared to 4.72% gain in the fourth quarter 2015. Fourteen companies were added to the Index in the quarter and 29 companies were removed.
For a list of all index additions and deletions, visit http://www.otcmarkets.com/content/doc/Q1-2016-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 International Index, OTCQX U.S. Index, OTCQX Banks Index and OTCQB Venture Index have minimum liquidity screens to ensure tradability.
All index data is priced in real-time and is available on the OTC Markets Group website, www.otcmarkets.com, and via major financial data distributors and websites, including Bloomberg, Reuters and FT.com.
Past performance does not guarantee future results. Investors cannot invest directly in any of these indexes.
OTC Markets Group Inc. provides no advice, recommendation or endorsement with respect to any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial markets for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into markets to inform investors of opportunities and risks: the OTCQX® Best Market; the OTCQB® Venture Market; and the Pink® Open Market. Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create better informed and more efficient financial markets, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
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Saskia Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428, [email protected]
SOURCE OTC Markets Group Inc.