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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Gates and OpenAI team up for AI health push in African countries
AI agents ‘perilous’ for secure apps such as Signal, Whittaker says
L'oreal to invest $383 million in Indian beauty tech hub
OpenAI to start offering chatbot ads to advertisers, The Information reports
DeepSeek technique to improve AI’s ability to ‘read’ long texts questioned by new research
Philippines to restore access to Grok after developer commits to safety fixes
OpenAI to unveil chatbot ads to its advertisers, The Information reports
OpenAI unveils plan to keep data-center energy costs in check
Chinese-owned Temu catches up with Amazon in global cross-border e-commerce
Five things too much screen time is doing to your child’s brain

Others Also Read