10 Firms End Stronger, Buck Muted Broader Market Trading

3. Trump Media & Technology Group Corp. (NASDAQ:DJT)

Trump Media & Technology Group saw its share prices jump by 11.65 percent to close at $22.04 apiece as investors bought up on a short seller’s recent buying surge in the company.

Earlier this week, short seller Qube Research & Technologies disclosed a net buying position of around $105 million in DJT, prompting the latter to ask the Securities and Exchange Commission to investigate the shorting, claiming “potential manipulation.”

In a memo released on Thursday, DJT asked the SEC to “immediately investigate this suspicious trading and report your findings back” to the company.

In its defense, Qube said its short-selling positions were based on its quantitative model and not on the company’s fundamentals.

Earlier this week, DJT joined forces with two investment firms to launch Truth Social-branded Separately Managed Accounts, expected to “offer investors access to curated, thematic investment strategies rooted in American values and priorities.”

According to DJT, the lineup of portfolios will include strategies based on the themes of faith and values, liberty and security, energy independence, and made in America.