‘NQBUY Nasdaq US Insider Sentiment Index
The starting universe of stocks are the stocks in the Nasdaq US Large-Mid Cap Index with an average trailing 12 month shares held by insiders is greater than the average trailing 13-24 month shares held by insiders. Securities which meet the above eligibility criteria are then ranked by three equally weighted factors – increase in average shares held by corporate insiders, momentum, and volatility. The top 100 ranking stocks are selected in the index. Rebalancing and selection take place semi-annually in April and October, using market data through the end of March and September, respectively.‘