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3w ago

Trump Media Faces $106M Hedge Fund Short as Shares Hit Six-Month Low

Qube Research & Technologies disclosed a major short position against TMTG, reflecting investor skepticism as the company's stock plummets 41% year-to-date.

21 February 2022, US, New York: Donald Trump's social media app "Truth Social" in Apple's App Store on an iPhone 12.
President Donald Trump gestures to the crowd as he departs after welcoming the 2025 College Football National Champions, the Ohio State University football team, during an event on the South Lawn of the White House, Monday, April 14, 2025, in Washington.
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President Donald Trump said the US would immediately impose 25% tariffs on Colombia.

Overview

  • London-based hedge fund Qube Research & Technologies revealed a $106 million short position against Trump Media & Technology Group, representing 2.53% of its outstanding shares.
  • The short position was disclosed through Germany’s Federal Gazette, marking the first regulatory short disclosure against TMTG by any organization.
  • TMTG shares have dropped 41–44% year-to-date, reaching six-month lows, and now trade over 80% below their peak price from March 2024.
  • Donald Trump retains a controlling stake in TMTG, owning between 53% and 57.3% of the company, a factor influencing market perceptions.
  • TMTG is pursuing diversification efforts, including partnerships to launch Truth Social-branded financial products, as part of its strategy to expand beyond social media.