yooniique
2021-06-11
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Hedge funds lose $6 billion more betting against meme stocks
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But most of the stocks are sliding today.</li>\n <li>Reddit founder Alexis Ohanian says thatWall Street has \"crossed the Rubicon\" on meme stocks.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/4c5da619f8998be7c3b1d1003cf30124\" tg-width=\"1270\" tg-height=\"857\" referrerpolicy=\"no-referrer\"></p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hedge funds lose $6 billion more betting against meme stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHedge funds lose $6 billion more betting against meme stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-11 10:39 GMT+8 <a href=https://seekingalpha.com/news/3705271-hedge-funds-lose-6-billion-more-betting-against-meme-stocks><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hedge funds Melvin Capital and Light Street Capital have suffered steep losses since the start of May as stocks favored by Reddit's (REDDIT) WallStreetBets crowd rallied again.\nShort positions on ...</p>\n\n<a href=\"https://seekingalpha.com/news/3705271-hedge-funds-lose-6-billion-more-betting-against-meme-stocks\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BYND":"Beyond Meat, Inc.","BB":"黑莓","GME":"游戏驿站","AMC":"AMC院线"},"source_url":"https://seekingalpha.com/news/3705271-hedge-funds-lose-6-billion-more-betting-against-meme-stocks","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1147556990","content_text":"Hedge funds Melvin Capital and Light Street Capital have suffered steep losses since the start of May as stocks favored by Reddit's (REDDIT) WallStreetBets crowd rallied again.\nShort positions on GameStop(NYSE:GME) -26%, AMC(NYSE:AMC) -13%, Bed Bath & Beyond(NASDAQ:BBBY) -10%, BlackBerry(NYSE:BB) -7% and Clover Health(NASDAQ:CLOV) -17% have resulted in losses of $6B in a little more than a month, the FTreports, citing data from Ortex Analytics.\nGabe Plotkin's Melvin and Glen Kacher's Light Street were also hard hit in the January squeezes.\nPlotkin testified before Congress in an investigation of the moves that pitted retail investors against Wall Street.\nMelvin lost another 4% in May, bringing its losses to 44.7% for the year, the FT says.\nOrtex co-founder Peter Hillerberg told the paper that while funds have recently reduced short positions, short interest is still \"at very high levels.\"\nThe meme trade has broadened this time around and shares have shown more resilience staying at higher levels. 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