My apologies Gimo but you have lost me. I did however pick up on your words "However, the index fund sells these shares to itself"
I didn't know you could do this but if true. it opens up endless possibilities. e.g.
I borrow a million shares. I then sell them to myself - presumably with a cross trade
There is now a million shares shorted but I still have a million shares which I can hand back at any time. The only cost to me is the brokerage, which i understand for brokers (market makers), is very small.
I then rinse and repeat many times with the result that their are now n million shares shorted but I still have my million shares - which I can still hand back to the original owner.
Is this possible? If so it makes looking at the number of short selling a pointless exrcise.
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Last
27.0¢ |
Change
0.020(8.00%) |
Mkt cap ! $729.4M |
Open | High | Low | Value | Volume |
24.5¢ | 27.5¢ | 24.5¢ | $2.872M | 11.04M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
22 | 813955 | 26.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.0¢ | 179750 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
22 | 413461 | 0.265 |
15 | 738376 | 0.260 |
12 | 435924 | 0.255 |
12 | 329797 | 0.250 |
11 | 330121 | 0.245 |
Price($) | Vol. | No. |
---|---|---|
0.270 | 331883 | 9 |
0.275 | 1269328 | 29 |
0.280 | 127822 | 9 |
0.285 | 345350 | 6 |
0.290 | 343554 | 7 |
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