That led him to close out his short positions and buy shares.
They will use the shares to repay the borrowings, thus closing out their short positions.
They ended up paying higher prices to close out their positions and lost money.
As a result, the exchange's members were forced to close out their positions while voters were still at the polling booths.
But as the dollar fell, they reached their limits for losses and closed out their positions.
He recommended that they close out their positions by buying the puts back.
By closing out its positions quickly, the fund put pressure on the prices of the stocks it was long/short.
A large short position provides the market with a cushion because those who sell short have to buy to close out their positions.
Many who had bet against stocks decided to close out their positions rather than be run over by an emotional rally.
A large short position in any market provides a cushion because those who sell short must buy to close out their positions.