| Market Vectors Business Development Co ETF is an open-end management investment company. The Fund seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market VectorsÂ® US Business Development Companies Index. The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The BDC Index is comprised of BDCs. BDCs are vehicles whose principal business is to invest in, lend capital to or provide services to privately-held companies or thinly traded U.S. public companies. As of Apr 30 2013, the Fund's total assets were $11,447,993 and its investment portfolio was valued at $11,409,698. We show 109 historical shares outstanding datapoints in our BIZD shares outstanding history coverage, used to compute BIZD market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing BIZD market cap history over the course of time is important for investors
interested in comparing BIZD's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of BIZD versus a peer is one thing; comparing
BIZD market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like BIZD can fluctuate over the course of history.
With this page we aim to empower investors researching BIZD by allowing them to research the BIZD market cap history.