Published: July 2, 2025
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$ASTS Short interest plummeting. This is kind of interesting because the share swap closed yesterday 7/1. For the most part, it takes a day or two for the "plumbing" to work and get shares issued, settled, returned to lender, and reported as disappearing from short float. On
Ohhhh I figured it out 5 minutes after posting. The Russell 2000 to Russell 1000 rebalance had hedge funds short ~6m shares to frontrun the index move. On Friday, at the close, index funds sold ~6m shares to rebalance down, and the hedge funds bought ~6m shares. That's what's