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Stock impact report

Hedge fund Qube unveils $105 million short position in Trump Media [Yahoo! Finance Canada]

B. Riley Financial, Inc. (RILY) 
NASDAQ:AMEX Investor Relations: ir.brileyfin.com/investor-relations
Qube's disclosed position in Trump Media, which was first reported by research firm Breakout Point, equates to 2.53% of the total free float of Trump Media. Trump Media and global quantitative and systematic hedge fund Qube did not immediately respond to a Reuters request for comment about the short position. Breakout Point said it marked the first regulatory short disclosure in Trump Media by any entity, adding it is also Qube's biggest short position in percentage terms after B Riley Financial. Investors who sell securities "short" borrow shares and then sell them, expecting the stock to fall so they can buy the shares back at the lower price, return them to the lender and pocket the difference. A popular stock among retail investors, shares in Trump Media are down 44% this year after roughly doubling in value last year. The short interest in the company, which has a market value of $4.2 billion, is at 4.9%, according to LSEG. Earlier this month, Trump Media's shares plun Show less Read more
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