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I should also mention, I have never traded $CLOV and have no position of any kind here.

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Vanguard lends its shares to short sellers to enhance returns. They’re very much freely traded and should be included in the float calculation.

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100% correct sans7007. I just included it as some nutjobs wanted to treat it differently, and it doesn't change the core point even including it.

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Any speculation that this might have had something to do with expiring options last Friday?

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Hard to say. It seems to have been triggered by a Factset error that got amplified with nobody doing work on it. S3 should be ashamed in my opinion.

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Would Vanguard rebalance and sell shares if they were driven high enough by Reddit-fueled craziness?

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If they are market cap-weighted strategies (which I think they mostly are), I don't think rebalancing would result in huge changes at rebalancing times (usually quarterly). More driven by index flows in and out. I haven't done a deep dive on this point.

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