{"id":7383,"date":"2008-03-26T00:00:00","date_gmt":"2008-03-26T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"funds-fire-up-banks","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2008\/funds-fire-up-banks.html","title":{"rendered":"Funds fire up banks"},"content":{"rendered":"<p>Melbourne Herald Sun- Bank stocks have been subjected to intense short-selling by hedge funds this year, which has contributed to sharp falls in their share prices. <\/p>\n<p>To allow their short-selling, hedge funds have been borrowing shares from institutional investors. <\/p>\n<p>Yesterday the funds re-entered the market as buyers of bank shares to cover gains and acquire stock to be returned to institutions. <\/p>\n<p>More than 25 million Bendigo shares were believed to be exposed to short-selling earlier this month, but hedge funds were yesterday bidding up the tightly held stock. <\/p>\n<p>Bendigo&#8217;s share price, which has shed more than 40 per cent this year, yesterday surged almost $2.03 or 20 per cent to $12.49. <\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.news.com.au\/heraldsun\/story\/0,21985,23431957-664,00.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Melbourne Herald Sun- Bank stocks have been subjected to intense short-selling by hedge funds this year, which has contributed to sharp falls in their share prices. To allow their short-selling, hedge funds have been borrowing shares from institutional investors. Yesterday [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7383","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=7383"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7383\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}