Not necessarily. It could be that the funds haven't bought in yet. More likely, though, realize that the mandate of most indexing strategies is to replicate the composure of the index they strive to emulate, while not necessarily in equal proportions.
Put another way, if an index ("X") has issues A, B, and C in it, and D gets named to join the index...an X index mutual fund or X index closed end fund may be required to have D in it, even if a token amount (laughably, one share may be all thats required). That's why many of the funds over the past few years beat the indexes they purported to follow: they loaded up on those components which were doing well (techs, etc.) and were underweight - while still owing - those issues in the index which weren't performing as well.
So, funds may not have bought in yet, or they may have bought, but not in great amounts. Or, they may have bought lots of it, but the float might be large enough that it didn't affect the price. Or, the funds that bought in may have done so skillfully, without goosing it.
Lots of possibilities, really.
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