Amid reports that a $1 billion Texas asset manager shorted massive amounts of Trump Media (NASDAQ: DJT) shares just one day before the failed assassination attempt on the former United States President and current presidential candidate Donald Trump, more details have come out.
Indeed, information had initially surfaced that Austin Private Wealth, LLC, a financial planning company based in Texas, had bought put options on as many as 12 million DJT stocks, forcing the company to issue a public apology and state that the situation was nothing more than a clerical error in their statement on ‘Incorrect Filing with the SEC.’
Mixed up dates?
More recently, market researcher and retail investor Ryan Rigg observed that the company had already held this position on June 30, 12 days before the assassination attempt, but filed it with the US Securities and Exchange Commission (SEC) on July 12 – one day before the attack.
Picks for you
As he further added, in this period, organizations regularly file their quarterly holdings, and on July 16, Austin Private Wealth filed an amended Form 13F with the securities regulator, “which no longer shows the position,” pointing out that companies have 45 days to submit these amendments.
On the other hand, researcher and commenter on current affairs Josh Walkos, a.k.a. Champagne Joshi, whose original X post on the matter received Community Notes claiming a misunderstanding, decided to try and clear things up, arguing that the report date is not the same as file date:
“The REPORTING DATE was 6/30, and the 13F was FILED on 7/12, as if it makes a difference. Followed by an amendment on 7/16. Nowhere in that post did I say that the trade was made on 7/12, I was referring to the 13F filing date and even link to it.”
All things considered, there are still plenty of unanswered questions and details surrounding the suspiciously timed massive shorting of DJT shares, creating fertile ground for various conspiracy theories and only time will tell if these developments are no more than a strange coincidence or something more nefarious was happening.
Meanwhile, the price of DJT stock at press time stood at $37.38, suggesting an increase of 2.58% on the day, a 22.44% gain across the week, and an accumulated advance of 39.74% on its monthly chart, according to the data retrieved on July 19.
Buy stocks now with eToro – trusted and advanced investment platform
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
