Hi ET peeps, Can any experienced traders give me their opinion on what they believe to be the average and low float size per industry / sector (U.S. equities & ADRs) below? I've filled in whatever I could find concerning the industries I trade most below. I understand there may be nuances between sector & industry, some feel certain industries should be lumped together & others separated, and that there will be differences in opinion between what constitutes "low float." Also, any website / link you can share that has a simple basic breakdown of average float and low float size per industry / sector for U.S. equities & ADRs? Please don't murder me if I've mis-categorized something dear to your heart. The more differing opinions the richer the learning; thanks for your thoughts! Average / Low Float by Industry / Sector Low float in general: < 15 M shares (implying only ~ 15% of all shares outstanding available as float to trade publicly) Biotech: < 50 M (low) Tech: REITs: Oil / Gas: Machinery: Electric / Energy / Utilities: Telecom: Food: Retail: Insurance:
What is the purpose of this? How does the number of shares of listed companies by industry help you? I would think Market Cap would be a better metric.
I use market cap as well currently. I trade volatile situations where I have to make rapid entries / exits and float impacts those decisions. So I wanted to memorize avg. float for a few given industries I trade so that I could trade them better. What would you say ballpark average or low float for: Biotech, REITs, and tech stocks?