Clover Health had its busiest day of trading ever on Friday This activity, along with a rise in price, seems to have been triggered by social media posts claiming short interest is over 140% of the float, with the potential for a GameStop-like squeeze
I should also mention, I have never traded $CLOV and have no position of any kind here.
Vanguard lends its shares to short sellers to enhance returns. They’re very much freely traded and should be included in the float calculation.
Any speculation that this might have had something to do with expiring options last Friday?
Would Vanguard rebalance and sell shares if they were driven high enough by Reddit-fueled craziness?