merrill lynch increases stake

Merril Lynch have just lodged a substantial shareholder notice declaring they have increased their shareholding from 5.74% to 7.36% of ZFX.

A perusal of the notice shows that ML have been very active since Feb trading in and out of the stock. They have also lent substantial holdings to short sellers.

ML are currently the only broker I know of with a sell on the stock. Obviously their funds management arm don't agree with the research department.