Bank of America Increases Short Position in AMC

Market News: Bank of America AMC
Market News: Bank of America increases AMC puts

Bank of America and JP Morgan continue to bet against AMC despite the repercussions.

Like hedge funds, banks have also been under much public scrutiny for betting short in the market.

Regulators subpoenaed some of the largest banks and hedge funds after investigating communications between the two parties earlier this year.

Goldman Sach’s dark pools were investigated in May – a popular issue amongst the retail community.

Combined, hedge funds and banks have millions of shares working against the largest movie theatre chain in the world.

And in this article, I’m going to break down the most recently reported numbers.

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Bank of America bets against AMC Theatres

Market News: Bank of America Increases Short Position in AMC
Market News: Bank of America increases short position in AMC

Bank of America increased their short bets against AMC in May, according to this Fintel report.

The bank now holds a total of 1,007,500 puts of AMC Entertainment Holdings, Inc. stock.

Retail investors were shocked to discover BofA was one of the top 10 financial institutions betting against the movie theatre chain last year.

And they haven’t left, but rather remained bearish on AMC.

The ball might be in their court in today’s bear market, but retail investors are already weary of the market’s integrity.

Last year, hedge funds sought out to destroy the movie theatre chain by shorting it to bankruptcy.

But retail investors put a stop to the madness – saving AMC Entertainment from collapsing, and inflicting billions of dollars in damage to short sellers.

Retail investors even closed their bank accounts with Bank of America after discovering the bank was betting against the beloved movie theatre stock.

Meme stocks were no joke.

Corporate fraud and corruption were exposed, retail made money, and the media lost all credibility.

But Bank of America isn’t the biggest bear when it comes to AMC stock.

Here’s a list of other banks and hedge funds going short on AMC.

Institutions shorting AMC stock

Institutions shorting AMC stock - who is shorting AMC
Who is shorting AMC?

#1. Susquehanna – 11,004,100 shares short

#2. Citadel – 4,889,900 shares short

#3. Goldman Sachs – 2,785,00 shares short

#4. Group One – 2,221,900 shares short

#5. 683 Capital – 1,992,600 shares short

#6. Bank of America – 1,007,500 shares short

#7. Wolverine Trading – 921,400 shares short

#8. Piction Mahoney – 500,000 shares short

#9. JP Morgan – 400,000 shares short

None of these institutions have closed their positions in AMC.

One hedge fund that was removed from the list is Sculptor Capital LP – the institution closed their small position at a loss this year according to Fintel.

Anchorage Capital closed last year after betting against AMC.

The hedge fund held 4,000,000 puts prior to shutting down.

Even Gabe Plotkin’s Melvin Capital is shutting down in June after GameStop crippled the short seller last year.

Bank of America might have increased their short position in AMC, but is it wise to bet against retail?

Retail has power, and I think retail is about to prove it again very soon.

I’m interested to learn what you think.

Leave your thoughts in the comment section of the blog below.

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15 Comments

  1. Marcos

    Un título muy FUD, para quien no lea el resto..
    Y esto puede haber sido hace meses.
    Yo sigo manteniendo y si puedo comprando. Saludos

  2. Jan

    When will Melvin Capital be closed and when will shorted shares have to be repurchased?

  3. Riitta Holm

    What you really know about BOA CEO Brian Mounyhan? I can guarantee I know more and I will never trust him !

  4. Brian Garrett

    I hold AMC to expose and punish these short sellers for their crimes

  5. Steve Ray

    All apes need to buy some more AMC…keep applying the pressure! Even if only a few shares each – there’s power in our numbers.

  6. Maa

    Buy and hold as long as it takes

    • Gorilla Grodd

      This is the way.

  7. Anthony

    They probably have no choice but to increase. I’m sure they’re hanging on by a thread and doing all they can to survive.

    • Gorilla Grodd

      True. What else can they do? If they start to cover, they are screwed if they short more they are screwed too but when the only tool you have is a hammer all your problems start looking like a nail.

  8. Juan Hegih

    FUD ??? Everybody Knows about BOA

    • Frank Nez

      There’s been a recent increase in short position – this article is meant to further expose the bank.

  9. Frank Nez

    Let’s start a discussion! Leave your thoughts below.

    • Joe

      Shorting a stock and having puts are two entirely different things. With all due respect, I think you may have confused the two when you said, “Bank of America increased their short bets against AMC in May, according to this Fintel report.

      The bank now holds a total of 1,007,500 puts of AMC Entertainment Holdings, Inc. stock.”

      Thank you so much for writing this article, though. There is nothing wrong with shorting a stock, but what these hedge funds and banks have done is nothing short of financial treason, and it floors me that this is allowed to go on in this country. The things that we have exposed seem more like something you would expect out of Russia or North Korea.

    • toro

      this list contains around 25 millions of shares , is there a complete list (the best it could be ,official but excel converted) made by anyone ?!
      thx

      • Travis McGill

        25 million puts they don’t have to report short sells

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