It's all business and who can blame them for making extra interest off the backs of shorts.
Yep, fair play. This way Blackrock makes money in either direction. That is how smart money plays risk.
But I don't think the shorts suffered much with the little interest taken off their backs. Lol. They made a huge profit on the way down.
And surely Blackrock wouldn't agree that shorts have any influence on the HDY shareprice, or why would they lend out their shares? What's their game in doing so? Buy more shares at a cheaper price to lower their cost basis if HDY is forced into massive dilution?
Holding the number of shares they do the last thing they are going to allow is the shorts to drive HDY into the ground.
The price declines because there is an absence of buyers, not because of the "shorts" driving anything. Rather the shorts rode the shareprice collapse that has seen $7 dollars taken off the HDY shareprice. You don't have to drive a roller coaster when it hits the peak and starts the ride down, you just remain strapped in.