Capital Group recovers the borrowed Grifols shares and Millenium closes its short position

MADRID, 26 Ene. (EUROPA PRESS) -

The manager Capital Group has recovered the two million Grifols shares that it lent two weeks ago, as notified in recent days to the National Securities Market Commission (CNMV), while the hedge fund Millenium has decided to close its short position on the company.

Specifically, the fund decided to open a short position on the pharmaceutical company on January 16, equivalent to 0.53% of the capital, although it decided to increase it to 0.66% on January 18 and reduce it to 0.49% on the 19th. from January. In recent days, he has decided to close his position.

Capital Group lent the shares on January 10, when Grifols shares were trading at their highest price since Gotham City Research decided to publish its report and begin its bearish attack.

The fund did not indicate to whom it has lent those shares or for what purpose. The operation of a bearish investor who trades shorts implies that he has to borrow shares from a third party to sell them in the markets and then buy them back and return them to their original owner. The profit is obtained when the price of a security falls.