it’s not LRS specific and not shorts who are suddenly bearish on LRS. Every company involved in the rebalancing on Friday had the same huge volume of daily shorts (see WC8, CXO and SYA).
I don’t really know, but I assume the funds use shorts on the day of a rebalance to generate adequate liquidity for the after market activity
Thie above will be confirmed or denied on Thursday this week when the aggregate short data for today is released. I strongly suspect you’ll find that Friday’s huge short spike will have already washed through.
LRS General Discussion, page-17204
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Last
17.5¢ |
Change
-0.010(5.41%) |
Mkt cap ! $489.8M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 18.5¢ | 17.0¢ | $1.567M | 8.874M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 38727 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 319655 | 7 |
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| LRS (ASX) Chart |