Shares of Fundrise Innovation Fund VCX.N, a public venture fund whose top holdings include several private tech companies, fall 32.1% to $258
Citron Research discloses short position in VCX
Citron states that co's sponsor, Fundrise Advisors LLC, was fined by U.S. securities regulator for paying financial influencers and online publishers $8 mln to promote Fundrise products to retail investors without the mandatory disclosures
Reuters could not independently verify the short seller's claims
VCX didn't immediately respond to a Reuters request for comment
VCX's top holdings include Anthropic, Databricks and OpenAI
Despite session's drop, VCX has surged more than eight-fold from its NYSE IPO a week ago