Qube Research Takes Short Position13 Mar 2024 14:28
In The Times yesterday
https://www.thetimes.co.uk/article/hedge-fund-builds-barclays-short-position-8hs6svn2m
Don't have access to the full article, only a snippet:
"Hedge fund builds Barclays short position
Qube Research & Technologies has the biggest short position ever disclosed against the bank at 0.73 per cent of share capital.
A top hedge fund has amassed a bet worth almost £200 million against shares in Barclays despite a recent rally in the bank's stock price on hopes that the chief executive CS Venkatakrishnan will revive the lender's fortunes.
The short position built by Qube Research & Technologies equates to 0.73 per cent of Barclays's issued share capital and is the biggest ever disclosed against the bank. It suggests that Qube believes the share price rise, fuelled by a turnaround plan set out by the Barclays boss last month, will run out of steam."
Thoughts on this?