Weather forecast: $2 by 18 March, page-398

Possibly right, the index rebalancing usually takes place exactly a month before the inclusion as you can see in the volume here:




Short positions also jumped from 2% to 4% the following day (19th February). The weird thing is since the fall from above $2.50 the short position has actually decreased.

It would seem the carnage won't be over until UBS has done with their exit. Would love to know if they intend to exit all or keep some. The bounce back up would equally be as swift IMO but just a question of from where?