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Did Melvin capital close their short lie?
(CNBC) Melvin Capital, hedge fund targeted by Reddit board, closes out of GameStop short position: Melvin Capital closed out its short position in GameStop on Tuesday afternoon after taking a huge loss, the hedge fund’s manager told CNBC.
How many shorts are left in GME?
Short sellers bought to cover and trimmed positions as they incurred large mark-to-market losses. GME shares shorted are now 27.13 million.
What hedge funds lost GameStop?
White Square Capital
The London-based hedge fund White Square Capital has told investors it will be closing down, a move that follows double-digit percentage losses from a bet against GameStop stock, according to the Financial Times.
Does Citadel own Melvin capital?
This article is in your queue. Ken Griffin’s Citadel LLC and Citadel partners are planning to redeem roughly $500 million of the $2 billion they put in Melvin Capital Management after Melvin got slammed by bad short bets on GameStop Corp. GME 0.61\% and other soaring stocks, said people familiar with the matter.
When did Melvin capital short GameStop?
The fund closed its short position against GameStop on January 27. It started out this year with $12.5 billion in assets under management, but ended January with about $8 billion.
When did Melvin Capital short GME?
Melvin Capital closed out of its GameStop short position on January 27, and ended the month with $8 billion in assets under management, compared to the $12.5 billion it started the year with.
What percent of GME is short?
Share Statistics
| Avg Vol (3 month) 3 | 2.43M |
|---|---|
| Float 8 | 62.11M |
| \% Held by Insiders 1 | 17.98\% |
| \% Held by Institutions 1 | 28.42\% |
| Shares Short (Nov 30, 2021) 4 | 6.42M |
What happened to Melvin Capital’s GameStop short position?
Hedge fund Melvin Capital closed out its short position in videogame retailer GameStop Corp., CNBC reported Wednesday. Fund manager Gabe Plotkin told CNBC’s Andrew Ross Sorkin that the position was…
What happened to Melvin Capital and Citron Research?
Melvin Capital and Citron Research closed their short positions on GameStop stock after the company’s massive rally formed an extraordinary short squeeze. The former ate a huge loss when it ended its bearish bet on Tuesday afternoon, CNBC reported.
Is Melvin Capital filing for bankruptcy?
Hedge funds Citadel and Point72 infused nearly $3 billion into Melvin Capital to shore up the fund, news reports said earlier this week. Plotkin told CNBC that speculation the fund would file for bankruptcy is false.
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