MRM, yes, it was net negative. Not substantially, but still negative. Q2 had FAR more substantial sells. Some institutions were buying - mostly small buys though. So I suppose it must be retail and others buying. Could also possibly be institutions not subject to 13f for various reasons. Not really sure. But let's be honest, the volume has been pretty dismal the last few months, so a lot of it is just jostling around. And a lot of the institutional activity is probably mutual funds that have them in a small cap or biotech index, and they have to sell as the SP goes lower and they have to mirror the cap-weighted index.
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