GME - GameStop AMC Surge Burns Short Sellers: This Hedge Fund May Have Been On The Right Side Of The Trade | Benzinga
Original meme stocks GameStop Corp (NYSE:GME) and AMC Entertainment Holdings Inc (NYSE:AMC) are taking a bit of a breather Wednesday after exploding higher to start the week. The losses from short-selling hedge funds are piling up, but it appears at least one hedge fund may be on the right side of the trade.
What To Know: According to a new filing with the SEC, hedge fund Renaissance Technologies ended the first quarter with over one million shares of GameStop.
The 13F filing also shows that Renaissance Technologies increased its stake in AMC by 78% in the first quarter. The investment firm owned a total of 8.7 million shares of AMC at quarter’s end.
Why It Matters: It’s not ...