JP Morgan's disclosed purchase of over 5.25% of SIVE is seen as a major institutional sign
JP Morgan's disclosed purchase of over 5.25% of SIVE is seen as a major institutional signal, given the small float, heavy short interest, and the potential for further accumulation by US institutions.
“I think the implications of JP Morgan's disclosure of buying 5.25%+ of $SIVE is a lot greater than people think. > $135M is pennies to US institutions. They can easily acquire 25% with their capital. They're just constrained by the amount of float that's available from retail to buy. > Signals to other institutions that other large institutions are buying up the float. Which triggers more institutional interest. > Given float is heavily shorted by Swedish Hedge Funds and random algorithmic ones. If large US institutions like JP Morgan are starting to buying the float, it's a blaring signal to start and cover. Of course, most of all, this is validating thesis of giving ideas to retail first to frontrun the institutions + the next CPO supercycle.”Original post：X / @aleabitoreddit ↗