Novonix (NVX) is held by 1 ASX ETF. Over the last 3 months it fell 45.2%: on $10,000, −$4516. We explain 2 big moves in that time.
About NVX
- SectorInformation Technology
- IndustryTechnology Hardware & Equipment
- Size$86.8m
- Held by1 ETF
- Big moves2 in 3M
Each dot is a move we explain. Tap one, or a row of Why it moved, to see what caused it.
Why it moved
- −9.1%18 Sep 2026· Capital Raise
Cessation of securities announcement likely triggered selling pressure, compounded by a broader IT sector down day
- −9.5%8 Sep 2026· Stake Change
NOVONIX was removed from or had its weighting reduced in a major S&P index during the September 2026 quarterly rebalance, triggering forced selling by index-tracking funds.
Held by 1 ETF
Of every $10,000 in each fund, how much is in NVX today.
Why did NVX fall 9.5% on 8 Sep 2026?
Novonix
NOVONIX was removed from or had its weighting reduced in a major S&P index during the September 2026 quarterly rebalance, triggering forced selling by index-tracking funds.
The S&P DJI September 2026 Quarterly Rebalance announcement on 4 September 2026 is the most credible catalyst, as index rebalances cause mechanical selling by passive funds when a stock is removed or downweighted, explaining the elevated volume (1.7x normal) and above-average price move (2.4x ATR) on the effective rebalance date around 8 September. There are no company-specific announcements in the relevant window, and the sector signal (GICS IT sector down only -0.39%, well below threshold) confirms this is not a broad sector rotation. The rebalance-driven selling explains the combination of significant downside, elevated-but-not-extreme volume, and absence of any fundamental news.
Written by a language model from the evidence below, and it can be wrong. Tell us and we will fix or remove it. General information only, not financial product advice. It does not consider your objectives, finances or needs. Past performance is not a guide to future performance.
Evidence
News coverage
Sector / macro signals
What it did to the 1 ETF holding NVX
On $10,000 in each fund, at the weight it holds today