They are not shorting the stock themselves. The scenario discussed above was whether they might lend shares to short sellers.
To me I can't see any reason why they would "trash the stock" as you say. There is simply no benefit in it to them.
Lets say hypothetically, they lend 20% of their holding (or 1% of A2M's overall shares) and that goes on to be shorted.
1) If the SP decreases, the shorters profit whereas Vanguard would see a decrease in the value of the other 80% of their holding. This would far outweigh what they make in lending fees/interest etc
2) if the SP increases, Vanguard profits on their main holding + still rakes in the interest /borrowing fees.
Explain to me why on earth they would prefer outcome 1 over outcome 2 - it would make no sense.
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$5.59 |
Change
-0.060(1.06%) |
Mkt cap ! $4.041B |
Open | High | Low | Value | Volume |
$5.67 | $5.68 | $5.58 | $14.79M | 2.642M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 38098 | $5.59 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.62 | 2000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 29294 | 5.580 |
1 | 3788 | 5.570 |
2 | 3656 | 5.560 |
8 | 10076 | 5.550 |
2 | 4500 | 5.520 |
Price($) | Vol. | No. |
---|---|---|
5.620 | 2000 | 1 |
5.640 | 479 | 1 |
5.650 | 7500 | 2 |
5.670 | 3039 | 1 |
5.700 | 19251 | 4 |
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