So everyone was screaming today about the ITG algo that was selling 100 share lots in the last hour of the day. This happened on every plant touching cannabis company in the MSOS basket. I don't buy everyone was profit taking all at the same time in small lots $GTII $AYR.A $TER
This is a coordinated short, thats probably trying to lower the NAV for a big long entry the next day. Every time I watch this happen MSOS receives a huge increase in AUM that evening. Subsequently every company in the basket dropped 4% -6%. $PLTH $JUSH $VREO
Today the AUM increase was 47 million! $664M to $711M The basket shorting has had different faces BMO, ANON and now ITG. Regardless all the same outcome = AUM way up.
The other give away is that this doesn't happen to companies not included in the basket like $HBOR or $HOLL seen below. However you also don't get the beauty MSOS buys, so you win some, you lose some. I can live with the algo although frustrating.
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