US hedge fund adjusts its short position in NKT

US hedge fund Worldquant scales down its bet on NKT's decreased share price.

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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