Monday, February 18, 2013 3:14:57 PM
Institutions vs Shorts
The total official short position December 31st was 27,703,666. (Yes that "666" is indication of where this short position originates.)
The total institutional ownership shown on Nasdaq today is 31,741,176 shares. This is not all of them. I think those that are over 5% (i.e. Tradewinds) are not on this list.
The net increase in the short position for the 4th quarter was 644,500 shares. The net increase in institutional ownership in the 4th quarter was 3,175,012 shares. That means the institutional increase was 5 times the amount of the increase in the "official" short position. So where did that other $2.5 million shares bought by institutions come from?
Besides that almost 3.2 million share net increase in institutional holdings, many of us individuals added to our positions in the 4th quarter. So where did all that additional selling come from? There were some individual longs who capitulated, we knew some of them on the MBs as long time longs. But could their shares have numbered in the millions? Or is there really a significant naked position as some have postulated?
The total official short position December 31st was 27,703,666. (Yes that "666" is indication of where this short position originates.)
The total institutional ownership shown on Nasdaq today is 31,741,176 shares. This is not all of them. I think those that are over 5% (i.e. Tradewinds) are not on this list.
The net increase in the short position for the 4th quarter was 644,500 shares. The net increase in institutional ownership in the 4th quarter was 3,175,012 shares. That means the institutional increase was 5 times the amount of the increase in the "official" short position. So where did that other $2.5 million shares bought by institutions come from?
Besides that almost 3.2 million share net increase in institutional holdings, many of us individuals added to our positions in the 4th quarter. So where did all that additional selling come from? There were some individual longs who capitulated, we knew some of them on the MBs as long time longs. But could their shares have numbered in the millions? Or is there really a significant naked position as some have postulated?
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