3 ms·

Citadel hedge fund (not the market maker) has a large short bet on GameStop and profits from short selling https://wallstreetonparade.com/2021/02/citadel-didnt

• gruez 6y ago
  ...according to a SEC filing in september 2020. Not exactly the up to date information.
  • slt2021 6y ago
    their bets are long-term. same date 13F filing for Melvin Cap show short bet against GameStop as well, so we can safely assume they are on the same short side together. why would Citadel bail out melvin ?
    • gruez 6y ago
      >why would Citadel bail out melvin ? Same reason why people buy stocks when it's tanking (remember, for every seller there's a buyer): because they think the fund's undervalued and they can buy it at a discount.