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.