What is Y?
Y is a ticker-symbol extension that signifies that ais an American Depository Receipt.
How Does Y Work?
On the Nasdaq ADR would look like this: XYZC-Y) to denote that the security is an ADR., for example, the letter Y after the ticker (if its ticker were XYZC, an XYZ Company
Why Does Y Matter?
ADRs give U.S. investors the ability to easily purchasein foreign firms, and they are typically much more convenient and cost effective for domestic investors (versus purchasing in overseas markets). And because many foreign firms are involved in industries and geographical markets where U.S. multinationals don't have a presence, investors often use ADRs to help diversify their portfolio on a much more global scale.
Accordingly, it is very important to understand what ticker extensions