Normal
NOTE: From Seeking Alpha - Damien Robbins Article - July 6, 2020https://seekingalpha.com/article/4357177-ideanomics-fires-back-short-selling-reports-and-positive-signsInstitutional Investors BuyingOn the other hand, Ideanomics has seen institutional investors recently adding to their positions throughout the first quarter, a sign of positivity in Ideanomics’ business, seen through filings in May and June. BlackRock owns over 4.6 million shares per its May 1 13F filing for March 31, adding 2.1 million shares since its prior 13F. Citigroup (C) added 20,000 shares to its 9,000 share position, JP Morgan Chase (JPM) added 115,000 shares (to its already held 64,000), and BNY Mellon added over 100,000 to its 170,000 share position. AIG (AIG) doubled holdings to 60,000 shares and Goldman Sachs (GS) up to 110,000 shares.iShares showed increased positions in multiple of its funds in N-PORT filings: Russell 2000 Growth ETF (IWO) doubled its position, up to 844,000 shares; Russell 2000 Value ETF (IWN) doubled to 100,000 shares; Micro-Cap ETF (IWC) doubled to 226,000 shares; Russell 2000 ETF (IWM) increased by 650,000 shares to a holding of over 1.8 million shares. The Fidelity Small Cap Index Fund (FSSNX) had increased its 260,000 share position to over 610,000 shares, reported on June 17. State Street Corp added 400,000 shares to its holding, bringing its total shares under ownership up to 1.4 million. The Schwab Small-Cap Index Fund (SWSSX) doubled its position to just under 220,000 shares.These institutions don’t have holdings in just every company – they have criteria to meet within investments in order to meet the objectives of the fund/index. If there was any hint of shady business tactics, potential fraud, or credibility from the recent short reports, the institutions would not be holding. And not only have some of the largest institutions added Ideanomics to their portfolios, but have added to positions significantly from March to April, before the rally in shares and recent news reports. With BlackRock and iShares having multimillion share positions, it signifies a certain level of belief in the future prospects of the company – even though the respective percentage of the positions relative to total holdings is extremely small, position size is still growing. "
NOTE: From Seeking Alpha - Damien Robbins Article - July 6, 2020
https://seekingalpha.com/article/4357177-ideanomics-fires-back-short-selling-reports-and-positive-signs
Institutional Investors Buying
On the other hand, Ideanomics has seen institutional investors recently adding to their positions throughout the first quarter, a sign of positivity in Ideanomics’ business, seen through filings in May and June. BlackRock owns over 4.6 million shares per its May 1 13F filing for March 31, adding 2.1 million shares since its prior 13F. Citigroup (C) added 20,000 shares to its 9,000 share position, JP Morgan Chase (JPM) added 115,000 shares (to its already held 64,000), and BNY Mellon added over 100,000 to its 170,000 share position. AIG (AIG) doubled holdings to 60,000 shares and Goldman Sachs (GS) up to 110,000 shares.
iShares showed increased positions in multiple of its funds in N-PORT filings: Russell 2000 Growth ETF (IWO) doubled its position, up to 844,000 shares; Russell 2000 Value ETF (IWN) doubled to 100,000 shares; Micro-Cap ETF (IWC) doubled to 226,000 shares; Russell 2000 ETF (IWM) increased by 650,000 shares to a holding of over 1.8 million shares. The Fidelity Small Cap Index Fund (FSSNX) had increased its 260,000 share position to over 610,000 shares, reported on June 17. State Street Corp added 400,000 shares to its holding, bringing its total shares under ownership up to 1.4 million. The Schwab Small-Cap Index Fund (SWSSX) doubled its position to just under 220,000 shares.
These institutions don’t have holdings in just every company – they have criteria to meet within investments in order to meet the objectives of the fund/index. If there was any hint of shady business tactics, potential fraud, or credibility from the recent short reports, the institutions would not be holding. And not only have some of the largest institutions added Ideanomics to their portfolios, but have added to positions significantly from March to April, before the rally in shares and recent news reports. With BlackRock and iShares having multimillion share positions, it signifies a certain level of belief in the future prospects of the company – even though the respective percentage of the positions relative to total holdings is extremely small, position size is still growing. "
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