Hedge fund Marshall Wace has reduced its short position in Bankinter to 0.890% from 0.98% previously, reaching its lowest levels since it revealed a significant position at the end of September last year.
Evolution of Marshall Wace’s short position in Bankinter
Since peaking at the end of October, increasing its position to 1.30%, the fund has gradually reduced its bearish bet. By December 27, it had already dropped below 1%.
Current position assessment
Marshall Wace’s current short position in Bankinter is valued at approximately €614 million, taking as a reference the current trading price of Bankinter on the Stock Market, which is around 7.70 euros per share. In today’s trading session, the shares of the entity led by Gloria Ortiz have remained stable compared to the previous session.
Other short positions in Bankinter
In addition to Marshall Wace, the Canadian pension fund has maintained a short position of 0.580% in the entity since November 26. On the other hand, Point72 AM has a 1,270% bet on Bankinter, since last December.
With these movements in the short positions of different funds in Bankinter, a dynamic panorama is observed in terms of investment strategies in relation to this financial entity. The reduction of Marshall Wace’s short position could be interpreted as a change in his perception of Bankinter’s bearish potential, which could influence the perception of other investors in the market.