Hedge fund Qube unveils $105 million short position in Trump Media

FILE PHOTO: U.S. President Donald Trump waves as he walks before departing for Florida from the South Lawn at the White House in Washington, D.C., U.S., March 28, 2025. REUTERS/Evelyn Hockstein/File Photo

NEW YORK (Reuters) -Hedge fund Qube Research & Technologies unveiled a roughly $105 million short position against shares in Trump Media & Technology Group on Monday, according to a filing with Germany's federal Gazette Bundesanzeiger.

Qube's disclosed position in Trump Media, which was first reported by research firm Breakout Point, equates to 2.53% of the total free float of Trump Media.