Hopefully they are still short some Nasdaq stocks that will give a degree of protection to the carnage over the last few days.
In hindsight they took profit on their short SHOP position a bit early because that would have just about covered the downside in the rest of the portfolio all on its own. Covered their short at $880, currently $340.
Done very well over the past month or so given market moves.
Next few days will be interesting to see if the NAV can hold above $3.
Ann: Net Tangible Asset Backing, page-3
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$3.06 |
Change
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Mkt cap ! $1.892B | |||
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