Trader4Life schreef op 15 november 2020 06:53:
De shortsellers hebben erg veel geld verloren afgelopen week!
One of the most crowded short positions was Unibail-Rodamco-Westfield, Europe’s biggest shopping centre owner, which according to data group Breakout Point was the most shorted stocks across the EU and UK, based on disclosed positions. The company had suffered a fall of around 75 per cent in its share price this year to the end of last week, on concerns about its high debt levels and the impact of the pandemic on bricks-and-mortar retailers.
But Monday’s vaccine news, followed by a victory on Tuesday for activist investors who wanted to block the company’s €3.5bn capital raising, pushed its shares up by 50 per cent in just two days.
One of the biggest stock market 'factor' upheavals in history
The biggest short-seller was New York-based D1 Capital Partners, set up in 2017 by former Viking Global Investors chief investment officer Daniel Sundheim, which had been shorting more than 4 per cent of Unibail’s shares. It suffered a loss of around €100m over the two days on this trade, according to calculations by the Financial Times based on regulatory filings.
Meanwhile, Lee Ainslie’s Maverick Capital, which had been running a short position of more than 2 per cent, suffered a loss of close to €60m over the two days.
Also caught in the market crossfire was Adelphi Capital, one of London’s oldest and lowest profile hedge funds, which manages more than $4.5bn in assets.
The firm, which tends to take long-term positions, has been holding short positions in five real estate stocks, according to Breakout Point, including Unibail and Dutch office and retail property firm Wereldhave, which was the second most-shorted stock across Europe and the UK based on disclosed positions. Wereldhave’s shares jumped 23 per cent in the first two days of this week.
Meanwhile, Adelphi’s bet against shopping mall owner Deutsche Euroshop, whose shares rallied 38 per cent, cost it around €10m over the two days, according to calculations by the FT — though the property company’s shares are still down about 40 per cent this year.
D1 and Adelphi declined to comment. Maverick did not respond to a request for comment.
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