They don't need to have a "hedge".
They can short PLS and be long something else in market, doesn't need to be a lithium stock (Long market beta).
What you are talking about is pairs trading, not a lot of hedge funds use that strategy, much smaller part of the market.
They don't need to have a "hedge".They can short PLS and be long...
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 (20min delay)
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Last
$3.79 |
Change
-0.010(0.26%) |
Mkt cap ! $11.40B | |||
| Open | High | Low | Value | Volume |
| $3.83 | $3.87 | $3.74 | $185.9M | 49.02M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1585992 | $3.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.80 | 533583 | 19 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$3.78 |
Change
-0.010 ( 0.53 %) |
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| Open | High | Low | Volume | ||
| $3.83 | $3.87 | $3.74 | 9679943 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| PLS (ASX) Chart |