Guys, the reason you see these investment house names (State Street for example) frequently coming on and off the register as substantial holders is because they are lending their stock out to short sellers.
They charge a fee for this service, and as a substantial holder they can loan out a lot of stock. This allows a short seller to sell the stock, then they buy it back at a cheaper price & return it to State Street. So they often drift below their 5% holding when stock is loaned out, and then back above 5% when it is returned.
If you read the detail in the announcement, the details are there. And it’s perfectly legal.
Guys, the reason you see these investment house names (State...
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Mkt cap ! $389.0M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.02 | 9284 | 1 |
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