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The original was posted on /r/ddintogme by /u/livingdeadghost on 2023-10-04 03:16:31.

tl;dr: It's a max of 0.3% of GME shorted through XRT based on given numbers.

There's been talk of shorting GME through XRT for years and more of it recently. My question was how much of GME could be shorted through XRT. This is how I calculated it:

https://www.etfchannel.com/symbol/xrt/
Shares Short: 23,670,000
% of shares short: 340.58%

XRT Price as of close Oct 3
59.22

Value of shorted shares:
59.22 * 23,670,000 =
1,401,737,400 ($1.4B)

https://www.ssga.com/us/en/intermediary/etfs/funds/spdr-sp-retail-etf-xrt
GME Constituent %: 1.252375
Shares: 262841.000

Potential value of shorted GME
1,401,737,400 * 0.01252375 =
17,555,008.7633 ($17.5M)

GME Market cap close Oct 3: $4.457B
Potential % share GME via XRT:
17.5M/4457M = 0.003926 (0.39% of GME)

As an aside, yahoo currently reports for GME:

Short % of Float (Sep 15, 2023): 20.11%
Short % of Shares Outstanding (Sep 15, 2023): 17.67%

XRT shorting seems fairly inconsequential to me but maybe there's another 30 ETFs somewhere being utilized in this way.

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The original was posted on /r/ddintogme by /u/AutoModerator on 2023-10-02 10:20:09.

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The original was posted on /r/ddintogme by /u/AutoModerator on 2023-09-25 10:20:09.

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The original was posted on /r/ddintogme by /u/livingdeadghost on 2023-09-23 00:23:02.

In isolation, GME's short volume and off exchange numbers look alarming. 82.89% Short Volume yesterday 80.84% off exchange. I wanted to know whether these high numbers were specific to GME. I took a semi-random selection of ~$5B tickers and looked at their Short Volume and Off Exchange rates. Although GME had higher numbers, the tickers I looked at had high numbers as well.

GME vs Other Tickers

Thoughts?

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The original was posted on /r/ddintogme by /u/tsaiha on 2023-09-19 21:03:56.

Looks like a couple of intrepid individuals used options to stick it to some market makers - this would have been half a million puts, deep otm that were washed to scam a rebate.

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The original was posted on /r/ddintogme by /u/JHAMBFP on 2023-09-18 22:17:08.

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The original was posted on /r/ddintogme by /u/AutoModerator on 2023-09-18 10:20:09.

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The original was posted on /r/ddintogme by /u/sillyorganism on 2023-09-14 18:15:10.

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The original was posted on /r/ddintogme by /u/CitronBetter2435 on 2023-09-14 02:25:00.

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The original was posted on /r/ddintogme by /u/Complex-Lab8670 on 2023-09-11 19:20:04.

As a result, GME has accumulated $286m cash.

Cash + Marketable Securities:

Q2 2022: $909m

Q2 2023: $1195m

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The original was posted on /r/ddintogme by /u/Alinorek on 2023-09-07 23:58:26.

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The original was posted on /r/ddintogme by /u/W0rld0fT0m0rr0w on 2023-09-06 17:36:08.

“In the dark hours of the wars of liberation, the Continental Congress had no money to pay salaries to their soldiers or to compensate farmers for requisitioned food and livestock. Instead Congress gave all these people governmental IOUs. This practice continued for years until, under the financial administration of the notoriously unethical banker Robert Morris, the state of Pennsylvania announced it would no longer accept the congressional IOUs as payment for taxes.

With no other form of money in circulation in much of the countryside, many poor families had no choice but to sell the notes for whatever they could get, and wealthy speculators purchased them for one-sixth to one-fortieth of their face value.

Soon just over 400 individuals held over 96 percent of Pennsylvania’s war debt, and nearly half was controlled by just twenty-eight men, most of whom were Robert Morris’s friends and business partners. Shortly thereafter, Morris and his protege Alexander Hamilton took control of federal financial policy, rigging it so as to literally turn their friends’ worthless paper into silver and gold. Under Morris and Hamilton, the federal government would buy back the bonds for face value, plus 6 percent interest, paid in precious metals raised by assessing new federal excise taxes designed to fall most heavily on the poor people who’d been forced to take the worthless congressional scrip in the first place.”

Woodard, Colin. American Nations. p158-159

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The original was posted on /r/ddintogme by /u/No-Control-2308 on 2023-09-06 03:41:39.

Here's a good read about it.

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The original was posted on /r/ddintogme by /u/5c0t on 2023-09-02 01:28:40.

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The original was posted on /r/ddintogme by /u/AutoModerator on 2023-08-28 10:20:09.

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The original was posted on /r/ddintogme by /u/g3rnn on 2023-08-27 00:20:22.

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The original was posted on /r/ddintogme by /u/AutoModerator on 2023-08-21 10:20:07.

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The original was posted on /r/ddintogme by /u/fastpath7 on 2023-08-17 04:32:04.

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The original was posted on /r/ddintogme by /u/AutoModerator on 2023-08-14 10:20:09.

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The original was posted on /r/ddintogme by /u/AutoModerator on 2023-07-31 10:20:07.

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The original was posted on /r/ddintogme by /u/AutoModerator on 2023-07-24 10:20:08.

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The original was posted on /r/ddintogme by /u/Nice_Daikon6096 on 2023-07-19 16:24:16.

Decentralized platform for us apes to potentially migrate too. No censorship compared to modern Reddit.

Lemmy.whynotdrs.org

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