I got to say I am really surprised to see Vanguard add about 1 million shares from January to March and Goldman adding about 350,000 shares.
Any company that added during this time knew about all the hit pieces that came out. Remember the hit pieces came out the last week of January and first week of February. They all had a chance to sell out, but we actually had a net gain once again in institutional holdings.
I guess us retail longs were not the only ones that were unimpressed with the weak hit pieces that came out.
After the alligations many thought they would see the institutions jumping ship, but for everyone that left more stepped in. Very surprising indeed.
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