RE:ShortBtw, Cibc used to, still has? Have a fund for investors that invested solely in convertibles. They may or may not have hedged the equity risk as the fund restrictions allowed. They almost always hedged. It was, still is? The largest fund of this type available in Canada. Lots of funds will include a convert component, but this fund was 100% converts. It's never been a great equity fund for upside, but it's much lower risk. Cm was one of the underwriters of the bond in 2021. One of you has noticed cm on the sell side of Qtrh noticeably more than others. This could very well be cm shorting for their client, the convert fund, and all its investors. It's still not cm capital at risk on the short side. Banks make money charging fees to both sides of every transaction. Risk free. It's a great biz.