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Canadian Life Companies Split Corp T.LFE

Alternate Symbol(s):  CLSPF | T.LFE.PR.B

The Companys investment objectives are (i) to provide holders of Preferred Shares with fixed cumulative preferential monthly cash dividends in the amount of $0.04375 per Preferred Share to yield 5.25% per annum on the original issue price (ii) to provide holders of Class A Shares with regular monthly cash distributions targeted to be $0.10 per Class A Share to yield 8.0% per annum on the original issue price and (iii) to return the original issue price to holders of both Preferred Shares and Class A Shares at the time of the redemption of such shares on December 1, 2012. The Company will invest primarily in a portfolio of common shares of Proceeds: (the ``Portfolio) which will include the following publicly traded Canadian life insurance companies (the ``Portfolio Companies), each of whose shares will generally represent no less than 10% and no more than 30% of the net asset value (``Net Asset Value) of the Company: Great-West Lifeco Inc.


TSX:LFE - Post by User

Comment by navgodon Feb 27, 2024 1:50pm
82 Views
Post# 35901911

RE:Short position increased to FEB 15

RE:Short position increased to FEB 15
mouserman wrote: So obviously  shorties were thinking LFE was not going to make the big move up, and i would imagine the 49 cent jump on FEB 15 was a lot of short covering. I suspect the short position now is close to 0 , unless some of those ANON sellers today are shorting.
Short Positions for LFE
Symbol Report Date Volume Change Shares Issued % Float
T : LFE 2024-02-15 9,902 6,302 11,505,201 0.09
T : LFE 2024-01-31 3,600 -1,164 11,505,201 0.03
T : LFE 2024-01-15 4,764 1,220 11,505,201 0.04
T : LFE 2023-12-31 3,544 -14,533 11,505,201 0.03
T : LFE 2023-12-15 18,077 12,076 11,505,201 0.16
T : LFE 2023-11-30 6,001 -4,558 11,505,201 0.05
T : LFE 2023-11-15 10,559 2,007 11,505,201 0.09
T : LFE 2023-10-31 8,552 4,537 11,505,201 0.07
T : LFE 2023-10-15 4,015 281 11,505,201 0.03
T : LFE 2023-09-30 3,734 -26,589 11,505,201 0.03
T : LFE 2023-09-15 30,323 -1,414 11,505,201

h
MM you seem to attribute a lot of moves to short selling or short covering where  it doesn't exist. Do you really think that covering  a short poition under 10K even if it did occur would have an influence on a day when total volume was over 300K?  Given your construction history maybe the saying -- when you are holding a hammer everything looks like a nail - is appropriate. :>] 

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