They pay a fee to borrow shares in a company and then sell them in the hope of buying them back at a lower price and pocketing the profit.
“Days before the attack, traders appeared to anticipate the events to come,” the researchers wrote, citing short-selling of an exchange traded fund that broadly tracks the performance of the Israeli stock exchange that “suddenly, and significantly, spiked” on 2 October.
“And just before the attack, short-selling of Israeli securities on the Tel Aviv Stock Exchange (TASE) increased dramatically,” they wrote in their 66-page report.
In one example documented in the research, 4.43m new shares in Leumi, Israel’s largest bank, were sold short between 14 September and 5 October.
The report notes that the sharpest increase in short-selling occurred during what is normally a time of relatively little activity in Israel due to Jewish holidays.
The professors noted similar patterns of short-selling in early April, when it was reported that Hamas was initially planning its attack on Israel.
The original article contains 499 words, the summary contains 166 words. Saved 67%. I’m a bot and I’m open source!
This is the best summary I could come up with:
They pay a fee to borrow shares in a company and then sell them in the hope of buying them back at a lower price and pocketing the profit.
“Days before the attack, traders appeared to anticipate the events to come,” the researchers wrote, citing short-selling of an exchange traded fund that broadly tracks the performance of the Israeli stock exchange that “suddenly, and significantly, spiked” on 2 October.
“And just before the attack, short-selling of Israeli securities on the Tel Aviv Stock Exchange (TASE) increased dramatically,” they wrote in their 66-page report.
In one example documented in the research, 4.43m new shares in Leumi, Israel’s largest bank, were sold short between 14 September and 5 October.
The report notes that the sharpest increase in short-selling occurred during what is normally a time of relatively little activity in Israel due to Jewish holidays.
The professors noted similar patterns of short-selling in early April, when it was reported that Hamas was initially planning its attack on Israel.
The original article contains 499 words, the summary contains 166 words. Saved 67%. I’m a bot and I’m open source!