If look at the last xxx announcements, u will see their holdings were mainly affected by this so called Collateral returned which was always 27m shares from their Switzerland account ?.
Imo ..if you look at this from a positive perspective, then you can argue that someone lent UBS 27m shares to control the share price while someone else using other accounts are accumulating?
UBS is not really trading that often ?
For instance on 24 September, UBS sold 16,236 shares net
SDL Price at posting:
23.0¢ Sentiment: None Disclosure: Held