Trump Media stock declines amid Qube's short position

Hedge fund Qube Research & Technologies disclosed a $105 mln short position in Trump Media & Technology Group DJT.O, with shares declining 0.8% on Mon

Qube's short position represents 2.5% of Trump Media's free float, marking the first regulatory short disclosure in the co, per research firm Breakout Point, which reported the short position before Qube disclosed it in a filing

Trump Media's stock, popular among retail investors, has fallen 45% YTD, compared to a 13% decline in Nasdaq .IXIC

DJT is about 67% below its 52-week intraday high of $56.55 reached on May. 13, 2024

Short interest in DJT is at ~4.9%, with the co's market value at $4.1 bln, per LSEG