Big Banc Split Corp T.BNK

Alternate Symbol(s): T.BNK.PR.A

Financial Services Asset Management

The investment objectives for the Preferred Shares are to provide their holders with fixed cumulative preferential monthly cash distributions in the amount of $0.05 per Preferred Share ($0.60 per annum or 6.0% per annum on the issue price of $10.00 per Preferred Share) until November 30, 2023 (the Maturity Date) and to return the original issue price of $10.00 to holders on the Maturity Date. The Company will invest on an approximately equally-weighted basis in Portfolio Shares of the following publicly traded Canadian banks: Bank of Montreal; Canadian Imperial Bank of Commerce; National Bank of Canada; Royal Bank of Canada; The Bank of Nova Scotia; and The Toronto-Dominion Bank. The Portfolio will generally be rebalanced on a quarterly basis, starting on September 30, 2020, so that as soon as practicable after each calendar quarter the Portfolio Shares will be held on an approximately equal weight basis.

TSX:BNK - Post by User

Big Banc Split Corp

Bullboard Posts

Post by PUNJABIon Dec 02, 2014 9:09am

314 Views

Post# 23184825

BNK has above average short position

The entire oil sector has been shorted. Even the oil stock ETFS have been shorted. At one time XEG was 37 % shorted now it is over 20 %. In general oil stock short positions are on the increase.

While BNK has huge 21.4 million shares short position. There has be a small constant decrease in short postion since June 15.

Short Positions for BNK

Symbol	Report Date	Volume	Change	Shares Issued	% Float
T : BNK	2014-11-15	21,483,252	-153,300	261,040,624	8.23
T : BNK	2014-10-31	21,636,552	-1,643,315	261,040,624	8.29
T : BNK	2014-10-15	23,279,867	39,795	261,023,125	8.92
T : BNK	2014-09-30	23,240,072	153,892	261,023,125	8.90
T : BNK	2014-09-15	23,086,180	-69,236	260,880,559	8.85
T : BNK	2014-08-31	23,155,416	-44,303	260,880,559	8.88
T : BNK	2014-08-15	23,199,719	51,035	260,695,559	8.90
T : BNK	2014-07-31	23,148,684	-151,838	260,695,559	8.88
T : BNK	2014-07-15	23,300,522	143,510	258,040,501	9.03
T : BNK	2014-06-30	23,157,012	-360,444	258,040,501	8.97
T : BNK	2014-06-15	23,517,456	-760,344	258,040,501	9.11
T : BNK	2014-05-31	24,277,800	12,376	257,945,002	9.41
T : BNK	2014-05-15	24,265,424	558,112	257,531,605	9.42
T : BNK	2014-04-30	23,707,312	-148,196	257,531,605	9.21
T : BNK	2014-04-15	23,855,508	54,327	257,531,605	9.26
T : BNK	2014-03-31	23,801,181	-48,767	257,376,608	9.25
T : BNK	2014-03-15	23,849,948	1,873,878	257,376,608	9.27