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Major hedge fund bets against Trump media

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  Qube Research & Technologies disclosed a $105-million short position in Trump Media & Technology Group on Monday.

Qube Research & Technologies, a London-based hedge fund, has emerged as the largest institutional shareholder of Trump Media & Technology Group (TMTG), holding a 6.63 percent stake as of March 31, according to regulatory filings. TMTG, which owns the social media platform Truth Social, went public through a merger with Digital World Acquisition Corp. in late March, resulting in a significant increase in its stock value. Despite the stock's volatility, Qube's investment in TMTG is part of its broader strategy of using quantitative analysis and data-driven algorithms to make investment decisions. The hedge fund's involvement with TMTG has drawn attention due to its significant stake and the political nature of the company, although Qube has not publicly commented on its investment strategy or future plans regarding TMTG.

Read the Full Newsweek Article at:
[ https://www.newsweek.com/qube-research-trump-media-hedge-fund-2059864 ]