Short position only jumped by 5K to Sept 30Havent seen the rest of the shortselling numbers, but those who sold initially after the announcement of the overnight offering, were probably longs who were slated to get in on the underwriting .
Sell the shares they have to raise capital to get in on the discount offered to underwriters. Not really selling shares they dont have , but lowering their positions temporarily.
Also traders know these split fund common shares sell off on offerings of stock below the trading price.