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Open original source ↗Found this news funny about a new Swedish Hedge fund:
Origo’s fund has lost substantial money shorting $SIVE.
“The loss is one of the biggest this year"
Many of these Swedish hedge funds are now heavily underwater.
Just as an accidental byproduct of $SIVE being a core part of the CPO supercycle.
Starting to make more sense why there’s a lot of false news being published.
Especially if they’re facing infinite losses?
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Today I learned $SIVE was so actively shorted... That the price going up accidentally might take down hedge funds? A hedge fund Colosseum is down -19.8% last month largely due to their short position of Sivers. They now face infinite losses as CPO ramps up parabolically over the next two years. Sivers was never a short squeeze play since fundamentally, it's one of the most compelling CPO related longs. But it's an interesting effect as a byproduct, especially now that they might need to buy back % of the float.
aleabitoreddit ↗