Option Millionaires

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$ACKMAN gives up on HLF

Ackman reportedly out of long-standing Herbalife short position
Pershing Square's Bill Ackman is entirely out of his short position in Herbalife Nutrition (HLF), CNBC's Scott Wapner reports. Ackman's long-standing short position, recently converted to options, is "unwound," Wapner told viewers of CNBC. In addition, Ackman is building a stake in United Technologies (UTX), Wapner broke today. Shares of Herbalife Nutrition are up 6.5%, or $5.65, to $92.46 in midday tradin