Replies to post #90027 on $heff's $tation of $tocks & $olid DD

[Chimaera]

$IDRA has had an increase in volume at the end of the day for 5-8 days in a row now, any thoughts on that? Yesterday was particularly large EOD volume as you mention, but Aug 27 was even larger (500k). Poster on StockTwits guesses that hedge funds make up a large portion of the short volume, to hedge their long positions, and are covering a bit each day at the close. I have no idea if that makes sense. Plausible?