US hedge fund Worldquant has scaled down its short position wager that Danish energy investor and industrial holding firm NKT's equity share price would decline. Worldquant now has a short position at 1.21 percent of NKT shares. The hedge fund previously held a short position at 1.36 percent, according to the Danish Financial Supervisory Authority.
When an investor chooses to go short with its equity position, it loans equities from a share holder and sells the shares in the hope of repurchasing them cheaper at a later time. That allows the investor to gain from the difference – minus a fee paid to the owner for borrowing the shares as well as a possible commission.
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