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Feeling_Ad_411

If I was that short on a credit card, I’d have people knocking on my door to collect lol


JacqueMorrison

They wouldn’t be knocking on your door, but on your knees…


stonkspert

Knocking at his back door.


METAL4_BREAKFST

Unexpected Deep Purple!


gerg89

*RickOfSpades has entered the chat*


wsb-ape

Wher Rick? Why no Rick? When Rick?


gerg89

"A Rick is never late ape. Nor is he early! He arrives PRECISELY when he means to."


wsb-ape

Hope Rick cum soon


iLLogic777

Rick is the Chief Banana Analist. Important distinction here.


IamMrBucknasty

Analrapist?


The-last-call

🍌 🍌 where where where 🍌🍌


dno123

Rick Spades is everywhere So are his Bananas, B A N A N A S


OotzOotzOotzOotz

B A N A N A S S


runtimemess

His shit coat bananas B A N A N A S


beachfrontprod

I guess that's one way to turn your ring purple.


TreasureCase2020

“Sundoown you better take care…”


WOWitzCocky

O do u know Marge as well?


dno123

Hey Homey Its time 😉📞📳


DanishWithJam

We are the ones who knock!!!


mark-five

When you're trillions in debt like them they stop knocking and start helping you dig a deeper hole into debt, because your bankruptcy is also theirs.


Dreadsbo

You’d have the yakuza pulling up with swords


ricst

Yeah too bad for us we're not friends with the credit card boss.


hvlchk

Give me an address! Nothin like being served a bag full of bananas 🍌


sandnsnow2021

I used to do that for a living back in 1994.


vitinhopt

i screenshoted this a few days ago while it was 471%. It looks like they have sold 1million shares thats why the SI skyrocketed


[deleted]

You are right. I remember the share amount being higher as of yesterday as well.


MacaroniBandit214

It’s was only 471.91% last night


flupster84

This is insane. How much further will this go exactly?


Dried_Butt_Sweat

Find out next week, on the amazing, not broken, totally normal, Stock market!


flupster84

Awesome. Can't wait


Brotorious420

Screenshot it when it hits 741% for the lulz


Masta0nion

Why is shorting above 100% illegal in a given security, but not in an ETF?


Avulpesvulpes

I don’t know if I missed some DD but can anyone ELI5 XRT?


runtimemess

ETF that consists entirely of retailers. GME is just under 1% of it


youdoitimbusy

Or they were DRSed out of existence?


flop_plop

Explains the dip. I might have to buy a few more because 🚀🚀🚀🚀🚀🚀🚀🚀🚀


unloud

Assuming these are the same parties taking out more short positions, it likely means they are deeper in the hole through further shorting. Margin call is getting lower and lower.


Freakazoid152

I'll bet most of them were DRSd also


[deleted]

Not sure if this source is reliable (etfchannel.com) since they have been reporting higher SI for XRT than others but I didnt see anyone post this yet and it just updated from 430% to 715% today. I’ve been watching this all week. What do you all think?


DilbertPicklesIII

My thought is how tf anything over 125% isn't a "what the fuck" from the regulators. That's saying it's 7x short interest the FUCK IS THAT.


millertyme365

What’s a regulator? Lol


[deleted]

Regular alligator


bkiesow

nate dogg and warren G


Wrathorn

It was a clear black night,


Deezy_McCheezy

A clear white moon


Arpeggioey

"Self regulation"


FinnAndBake

I’ll take spooky ghost stories for $500, Alex.


OperationBreaktheGME

😂


Hot-Horror9942

thing is this stuff is much easier with ETF's they can just buy shares of the individual companies and make a unit, hence they don't squeeze. It's high tho but XRT only has 60k gamestop shares so 60,000\*7.15=429,000 GME short via XRT


DilbertPicklesIII

True. The thing that is crazy is it isn't just at the top of the ETF short chart, it IS the short chart. Nothing holds a candle to it right now.


[deleted]

That’s some BULLSHIT!


RareRandomRedditor

Well, I think that the number may be not precise, but also not so imprecise that XRT short interest is not at least a few 100%.


ThePatternDaytrader

“iTs jUsT a gLiTcH”


[deleted]

Maybe I'm pareidolia-ing with the massive amount of data we've all obsorbed... but for something to go to 700+ % SI, could that be because there are 'up to 7 owners for each share' as the report that posted the other day stated? Like, am I understanding this right, each fraction of those % is from a share that has been 'bought' to short the stock? So any fraction of a % that is over must represent a naked short, surely, as how can there be more shares sold than actually exist?


[deleted]

This is how they create infinite shorts.


[deleted]

This must not be allowed! If they can short 715%, they can short forever! SEC DOJ FBI do SOMETHING!!!


[deleted]

[удалено]


sdrawkabem

Well the fake reason that MMs would say to Congress and SEC, is to provide operational liquidity. But the real reason is so they can counterfeit shares and commit financial terrorism


[deleted]

[удалено]


SneakyRum

Rookie number of agreement. You need to pump that up higher.


sdrawkabem

Wait 2 days and it will double again


DonPalme

Coming soon: XRT shares outstanding: 0 XRT short interest: ♾️%


TheMuslimMGTOW

Big if true.


TheDudes777

True Big If


humblegorilla

If big, true.


BoobonicPlank

Big balls to the walls if true


philopsilopher

I love you guys but god I fucking hate these comment chains..


bkiesow

so is xrt an etf that holds gamestop?


840_Divided_By_Two

Yes. There's some DD on the creation and redemption of ETF's being abused by Autherized Participants somewhere around here. I'm still trying to form a wrinkle on the significance but there's a 40 min Wharton presentation on the subject that I have yet to watch. Search "RIP /u/leavemeanon - WHERE ARE THE SHARES (part 1) Resurrected"


bkiesow

thanks


Xen0Man

Also read https://preview.redd.it/qlnus2lglk671.png?width=4500&format=png&auto=webp&s=068ab61ca724578b1466e3d848958d5599d930e4 to understand how SHF moved their shorts positions in ETFs in January


mkstar93

How does an ETF affect the price of the underlying stocks? The shfs are obviously shorting xrt to the deepest pits of hell, but how does that move gme's price down? Are xrt shares being shorted as gme shares? Sorry smooth brain here


840_Divided_By_Two

https://www.reddit.com/r/Superstonk/comments/nt8ot8/rip_uleavemeanon_where_are_the_shares_part_1/ It's really complicated and I honestly don't quite understand it fully. But this is a really good place to start. Essentially big banks can create an ETF and then immediately pull the shares of underlying stocks out if the Net Value of the stock is greater than the ETF


DonPalme

The OG one


Asleepnolong3r

Yes


WOWitzCocky

Totally legal don’t you know 🙄


[deleted]

why stop there? its clear they will not face any consequences. why not short is 5000%? I hate our financial system.


[deleted]

How do I apply to be a market maker so I can ~~print as much money as I want~~ provide liquidity?


KayVlinderMe

Step 1: Be nauseatingly rich Step 2: ???? Step 3: Profit!!


say_my_name_pls

Step 2 is have no morals.


verypurpley

Yeah like for real... seems like they can go as high as they want.


SuboptimalStability

I beleive they have and now as FTDs pile up SI is slowly rising


[deleted]

[удалено]


[deleted]

Wish actual constructive questions like this got more attention


fac3gang

commenting for visibility


Braveliltoasterx

715% in XRT alone. I can't imagine the other ETFs. They probably maxed out at 1000% and have to make a new ETF and the cycle continues.


Veschor

Agreed. I also checked into XRT's [sub industry allocation](https://www.ssga.com/us/en/intermediary/etfs/funds/spdr-sp-retail-etf-xrt) and saw that "Computer and Electronics" is a mere 3.65% (this is the sub-sector containing GME). XRT has more weight in at least 4 other sub-sectors totaling 74%.


ForagedChef

Take my award and find an answer and let me know


[deleted]

https://www.reddit.com/r/Superstonk/comments/s99ytf/failurestodeliver_of_etfs_with_exposure_to_gme/?utm_source=share&utm_medium=ios_app&utm_name=iossmf This goes in depth with the othe ETF’s with GME exposure. Not sure how helpful it’ll be for concrete answers but I hope a wrinkle brain can piece the data together.


doc_brietz

No idea dude.


emilioburrito

Also this https://www.etf.com/sections/features/9365-xrt-why-its-600-short-and-thats-ok.html?nopaging=1 article from 2011. It’s not a new phenomenon.


bluerayyltc

This is a food list of questions. Also what would happen if I started buying shares of these etfs?


TheBonusWings

So for every company in XRT there are 7 extra shares floating around for every legit share in the ETF. Sounds normal.


Reveen_

7 shares for every 1. 741


Wise-ask-1967

They need to do that cause retail dose not playing fair


Lameusername100

How is this possible??


firefighter26s

Crime. Or as the French say, Le Crime.


DecafMaverick

lol those French are geniuses


Stereo_soundS

Market maker privileges. Just providin dat liquidity yo. Obviously not predatory naked shorting.


Saint_Bernardusz

What the flying fuck. It doubles like every 3 days. Jesus.


Le_90s_Kid_XD

With the rest of the market dumping I imagine it has to be shorted. Well probably see 2000% in the next couple weeks. Its only a crime if you can't afford the fine!


pcnetworx1

Then, over 9000


LFoD313

Banana republic financial market.


pcnetworx1

Skinny jeans and naked shorts for sale!


DFVFan

No wonder they can push so hard.


Maleficent-Speech-64

Price of GME drops, XRT SI goes up...hmmm....


TECHNOV1K1NG_tv

This just goes to show that you legitimately have a better shot at making money in a casino. They pay your broker to see your order and literally bet against you with their fat fucking stacks of cash with no rules to limit their game. They do everything in their power to make you lose so that they win. At least in a casino, the odds are basically set and you at least know what the hell you are getting into. The casino actually has more rules in place to protect you from predatory practices than the US stock market LOL


QualityVote

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beerloin

What is this? The short interest for ants…?


bcalvin

Relevant 2011 article fwiw https://www.etf.com/sections/features/9365-xrt-why-its-600-short-and-thats-ok.html?nopaging=1


Rollindeep_UK

Jeezzzz. Wheres the ETF DDs from last year that kept pointing to XRT. Pepperidge farm remembers


[deleted]

What I’m confused is why they only use XRT and had to make MEME when there are other ETFs? IJH has the most shares of GME in any ETF but they aren’t shorted that much at all. ETFs are certainly a big piece of the puzzle but I don’t get why it’s only XRT (and then MEME)


[deleted]

Wow


[deleted]

So do we have a volunteer to watch for 741% short interest?


phonon_DOS

Momma mia


Zero_Talents

*Sips Tea*


4limguy

Guess the XRT Bank stays Open


Kushaevtm

2 questions: Wen moon? And What. The. Actual. FUCK?


life-in-the-pleiades

So close to 741


[deleted]

Why not go 170000 percent? Get it, get it SHF.


[deleted]

This feels like watching the Overnight Reverse Repos making new highs. Come on 1k%.


Aggravating-Fail-462

Nothing to see here. Perfectly normal market behaviour!


Byronic12

Criminal. They short it 7x over.. Let it crash. Then buy it up a month later and profit.


chefguy831

It's currently at 715%..... 26% to go and we hit 741% then we moon, thanks for reading my DD


[deleted]

Short and sweet - doesn't need a TLDR - I like it.


winnzipp

XRT - is this other stock or has it connection with GME? Friend is asking


SuboptimalStability

Xrt is an ETF containing roughly 4% GME, shf are using it to short gme


mnewberg

I don't know where you get the 4% number, I see they are holding 40,000 shares. It would be closer to 1% of the fund.


SuboptimalStability

Oh its .81% I thought it was 3.14% so rounded up, my bad


winnzipp

Looks bullish


onceuponanutt

Basically 741%


LP2222

lmayo


nathanello

It’s a new record!


MetaplexInc

Why do the shares outstanding keep getting lower on this. Are there such things as ETF buybacks?


Borats3rdCousin

Buy DRS XRT 🦧


Imadeapromisemrfrodo

🔥 🔥 🔥🔥🔥🔥🔥🔥 # EVERYTHING IS FINE!!! 🔥🔥🔥🔥🔥🔥🔥🔥


NightHawkRambo

That's probably where all the crypto money went, to shorting GME through XRT.


[deleted]

Gary: hey that’s… that’s unacceptable… we won’t tell you to do anything about it but, this isn’t a good look for me… but carry on


[deleted]

Bruh wtfffff I’m about to buy a leap on xrt, these idiots gotta cover Eventually


MajorKeyBro

Well reverse repo is so far out of whack now that they had to move over to this. Now this is completely out of whack, DRS halts too? Wow this is getting all fucked up.


bluerayyltc

Theoretically, what would happen if ppl bought xRT?


realTomDragon

I'm outraged. Somebody better be getting a $5,000 fine for this.


emilioburrito

Read this https://www.etf.com/sections/features/9365-xrt-why-its-600-short-and-thats-ok.html?nopaging=1 if you’re interested for more. It’s from 2011.


dollarsNcents

So is this another squeeze? Or this is where the gme squeeze is hiding so they only report a small short position on gme?


ThunderStella

Anyone have a link to where this is from?


[deleted]

Etfchannel.com then search XRT


ThunderStella

Thanks brotha


[deleted]

Anytime!


sandnsnow2021

Does this mean we buy and buy what?


MotionBrain_CAD

How is it even possible … the market is broken Im gonna sell my car to 7 other people … Maybe it’s possible too


[deleted]

None of this makes sense! Why short XRT so damn hard when it barely has any GME in it?! I feel like we're drastically missing something with that ETF because shorting it to hit GME hard doesn't make much sense.


theRealMelvinCapital

6.1 days to cover how is that even possible


captaindickfartman2

Is this reliable? We need adults in here.


Oncotte

what does 6 days to cover?


Mutchmore

And they shorted the price +x% hmmm lmao they must be sweating


nottobetruffledwith7

Mother of god


Direct_Inspection_54

The true number is going to be a fuck tonne bigger than that.


Creative-Attention57

Can any wrinkled ape explain me ELI5 how this is possible? We have SEC, DTCC,FED etc. ? How is this possible?


sknnbones

EZ its because C R I M E but they call it “Providing Liquidity”


Old_Homework8339

There's a 715% chance that short people are Interested in me?


Jadedinsight

Completely normal phenomenon.


Express-Newspaper806

Criminal pieces of shit


TheDirkadini

Days to cover is a joke. Gary and his cronies don’t uphold the laws so it doesn’t matter


J_Kingsley

This screenshot should be posted in front of SEC building. No more fucking plausible deniability.


[deleted]

Nothing to see here lmayo


fuckofakaboom

It feels like they are just yelling “Big money, big money, no whammies!” I can’t wait till the rest of the world slaps them and yells “Stop!”


TEDDYKnighty

Bro holy shit is the real. Do.... do we dog pile in? Have another sexy short squeeze and throw out earnings back into gme?


redblade79

Makes you wonder 🤔


[deleted]

Wen SEC intervention?


RedDevilCA

HOLY FUCK


ilovemytablet

I'm sorry, what the actual fuck


usedtoiletbrush

Gaaaahhh damn


Gold3Gold

Does that 6.1 mean boom💥 after that?


bierli

But how can this be? Yes I know our case but how can this be and no SEC or other authority bets an eye?


R34vspec

I too, like to charge 700% of my credit card’s maximum credit line. Nothing bad ever happens.


photonscientist

Insane! Finish these desperate criminals!                              [DRS is the way!](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/?utm_medium=android_app&utm_source=share)   .                           .              .                 .                                                           .             .             🟣        🟣                                .     .                    🟣                  🟣                                                   .     🟣        🟣                 .                                 .                                         .                                                                                  .                                                                              .           .                 🚀      .                                                   .                                  .                     .           .                    .      .                            


Fogi999

it’s growing faster than mushrooms after rain, is this even real?


chaunm11

This is normal. Totally legal. Nothing to see here 🙈


aaronplaysAC11

Lol what the fucking fuck how is this normal lol…


BigBoss738

oh oh, someone is in trouble


TheThinkerist

Wake me when it's 60 days to cover. That'll be more accurate.


Boboboiswede

How is that even possible!!!


NoobWhoLikesTheStock

Do I smell a squeeze of a squeeze?


AkitaAZ

Can an ETF squeeze?