Personal Finance & Money Asked on February 15, 2021
According to a recent Bloomberg article:
Melvin Capital closed its position after repositioning its portfolio, according to a spokesperson. Citron Capital’s Andrew Left also said Wednesday that the firm covered the majority of its GameStop short bets at “a loss of 100%” in a YouTube video.
Is it possible for a skeptical third-party observer to somehow confirm if this claim is true and their portfolio is now indeed free of $GME shorts? It would be very beneficial for the hedge fund to lie about closing their positions without actually closing them, as this might help them avoid a short squeeze after all.
Is it possible for a skeptical third-party observer to somehow confirm if this claim is true and their portfolio is now indeed free of $GME shorts?
No. However, the number of shorted shares for a given company is publicly known.
Correct answer by Franck Dernoncourt on February 15, 2021
No, trades are private. If you are large enough then there are regulations that force you to reveal your trades, but those still take time because they're only mandatory every 3 months.
Form 144: Notice of Proposed Sale of Securities is a document issued by the Securities and Exchange Commission (SEC). It must be filed with the SEC by an executive officer, director, or the affiliate of a company when placing an order to sell that company's stock during any three-month period in which the sale exceeds 5,000 shares or units or has an aggregate sales price greater than $50,000. This is also known as Rule 144 of the Securities Act of 1933.
(source above)
Answered by Allure on February 15, 2021
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