BTB Real Estate Investment Trust T.BTB.DB.G

BTB.UN Short Positions

[15Stanmore]

On September 30, 2020 there were 5,106,342 units of BTB REIT  that had been shorted. Two weeks later on October 15th this had dropped to 4,145,338, a decrease of almost 20%. The short position at October 31st had fallen a bit further to 4,066,132.We will now wait and see what the November 15th short position will be - did the recent "Vaccine Rally" put a squeeze on any of the current short position strategies, or did the existing negative sentiment encourage further shares to be shorted at the increasing prices. 

Investors who were responsible for the 4,145,338 short position on October 31st will have to fund the previously announced distribution to those units on November 15, 2020 - a total of $1,036,334. Not sure I would be wanting to short a security that paid out a 10% yield on a monthly basis, but I suppose someone has a better understanding of these strategies than me.