British American Tobacco Surges on Smokeless Shift and U.S. Momentum as $250M Volume Ranks 459th

On September 8, 2025, , . , ranking 459th in the market. , citing strong U.S. market performance and the rising popularity of its nicotine pouch brand Velo. .

Recent investor activity shows increased institutional interest, . . , following years of strategic transformation.

To run this back-test rigorously I need a few extra details and one clarification about scope: 1. Universe • Which market should we scan each day for the top-500 names—U.S. listed equities (NYSE + NASDAQ + AMEX) or another universe? 2. Trade timing & pricing convention • Do we buy the 500 names at the same day’s close and exit at the next day’s close (close-to-close), or buy next day’s open and exit that day’s close (open-to-close)? 3. Weighting method • Equal-weight each stock, or weight by something else (e.g., dollar volume, market-cap)? 4. Transaction costs & slippage (if any) • Should we include an estimate (e.g., 5 bp per leg) or ignore them? 5. Risk controls • Any daily stop-loss, take-profit or position size limits, or simply rebalance every day with no overlays?