{"id":77051,"date":"2021-01-28T01:52:15","date_gmt":"2021-01-28T06:52:15","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=77051"},"modified":"2021-01-28T01:59:32","modified_gmt":"2021-01-28T06:59:32","slug":"melvin-capital-hedge-fund-targeted-by-reddit-board-closes-out-of-gamestop-short-position","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2021\/melvin-capital-hedge-fund-targeted-by-reddit-board-closes-out-of-gamestop-short-position.html","title":{"rendered":"Melvin Capital, hedge fund targeted by Reddit board, closes out of GameStop short position"},"content":{"rendered":"\n<p>(CNBC) Melvin Capital closed out its short position in <a href=\"https:\/\/www.cnbc.com\/quotes\/?symbol=GME\">GameStop<\/a> this week after taking a huge loss, the hedge fund\u2019s manager told CNBC\u2019s Andrew Ross Sorkin. GameStop, hedge funds\u2019 most-hated stock, was targeted by an army of retail investors who marshaled forces against short sellers in online chat rooms.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2021\/01\/27\/hedge-fund-targeted-by-reddit-board-melvin-capital-closed-out-of-gamestop-short-position-tuesday.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Melvin Capital closed out its short position in GameStop this week after taking a huge loss, the hedge fund\u2019s manager told CNBC\u2019s Andrew Ross Sorkin. GameStop, hedge funds\u2019 most-hated stock, was targeted by an army of retail investors who [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-77051","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/77051","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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=77051"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/77051\/revisions"}],"predecessor-version":[{"id":77052,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/77051\/revisions\/77052"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=77051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=77051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=77051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}