Home -
Original -
Main body -

WikiFX Express

Exness
EC Markets
XM
TMGM
FOREX.com
FXTM
AvaTrade
IC Markets Global
FXCM
D prime

ORTEX Data Reveals $6.1 Billion in Short Bets on Canada's TD Bank

WikiFX | 2023-04-20 16:47

Abstract:TD Bank Group's short interest has surged to $6.1 billion, a 45% increase, due to concerns surrounding its acquisition of First Horizon amid the collapse of U.S. regional lenders. Arbitrage investors betting on the deal are believed to be behind the heightened short interest. TD will address the $13.4 billion acquisition at its annual general meeting.

ORTEX Data Reveals $6.1 Billion in Short Bets on Canada's TD Bank.png

Short interest in TD Bank Group (TD.TO) soared to $6.1 billion on Wednesday, a 45% increase from two weeks ago, as per ORTEX data calculations. The spike comes just before the Canadian lender's annual general meeting and is primarily attributed to TD's planned acquisition of U.S. lender First Horizon (FHN.N).

The collapse of U.S. regional lenders Silicon Valley Bank and Signature Bank last month has intensified scrutiny of the transaction. Consequently, some shareholders have urged TD to abandon the deal or renegotiate for a lower price. Analyst James Shanahan of Edward Jones believes that arbitrage investors betting on the First Horizon deal are responsible for the heightened short interest, as the market is concerned about the deal's likelihood of completion.

Arbitrage investors, often event-driven hedge funds, bet on mergers and acquisitions by purchasing shares of the target company and shorting the acquirer's stock. Analyst Lemar Persaud of Cormark Securities points to the uncertainty surrounding the First Horizon deal closure and its potential cost as the primary factor influencing short interest. Persaud also notes that the failures of SVB and Signature Bank have raised concerns due to TD's significant retail operations.

TDAmeritrade_WikiFX (1).png

TD Bank is expected to address the $13.4 billion acquisition of First Horizon during its AGM on Thursday in Toronto, as it awaits regulatory approval. Hedge funds have shorted approximately 5.5% of TD's outstanding shares, while the second-most shorted bank stock, Bank of America (BAC.N), had only $2.9 billion or 1.2% worth of short bets.

Short-selling involves hedge funds borrowing stock from institutional investors and selling it back when the price falls, profiting from the difference. TD shares have dropped 0.1% since the U.S. regional banking crisis began but have risen 3.4% this week.

While the Bank of Montreal (BMO.TO) and Royal Bank of Canada (RY.TO) also have exposure to the U.S. banking system, they had around $2.1 billion and $2.2 billion worth of shares out on loan, respectively, as per ORTEX data. A TD spokesperson declined to comment on the matter.

Download and install the WikiFX App on your smartphone to stay updated on the latest news.

Download the App: https://social1.onelink.me/QgET/px2b7i8n

Footer-New.jpg
Learn basic forexForex tradingForex BrokerknowledgeBasic forex knowledgeForex newsForex Chart

Related broker

No Regulation
Charles Schwab
Company name:Charles Schwab & Co. Inc.
Score
1.53
Website:https://www.schwab.com/
5-10 years | Suspicious Regulatory License | Global Business | Dealing in futures contracts
Score
1.53

Read more

QuoMarkets Exposed: High Slippage, Profit Withholding & Other Scams

Failed to receive unlimited leverage as promised by QuoMarkets? Witnessing higher slippage and a subsequent drop in your trading account balance? Does the forex broker withhold your profits? These have become typical of the way QuoMarkets runs its operations. In this article, we have exposed the forex broker on all these points. Keep reading different QuoMarkets reviews.

Original 2025-09-26 20:42

Nostro Exposed: Payout Delays & Server Downtime Plague Traders

Have you gone through a scam in your forex trading account balance with Nostro? Do you witness constant server downtime and losses thereafter? Has the customer support team been unresponsive to your queries? Many forex traders have faced these issues and therefore criticized the broker on review platforms. In this Nostro review article, we have pointed out their specific concerns that were not addressed by the India-based forex broker. Keep reading!

Original 2025-09-26 19:40

Galileo FX Review 2025: About Its Regulation, Reviews & Risks

Galileo FX is a trading robot that runs on platforms like MetaTrader 4 and MetaTrader 5. Check its regulation and decide if it’s a good choice for your investment or not?

Original 2025-09-26 19:29

Forex Swing Trading Signals Explained: Definition, Core Aspects & Strategic Importance

Winning in the forex market requires creating strategies that help capitalize on currency fluctuations. Among the many strategies in place, forex swing trading signals are important as they help traders leverage holding positions for days or weeks. These signals are critical for a successful swing trading strategy, offering vital insights into spotting the preferred entry and exit times, enhancing the profitability potential. In this article, we have explained everything about forex swing trading signals. Take a look.

Original 2025-09-26 18:32

WikiFX Express

Exness
EC Markets
XM
TMGM
FOREX.com
FXTM
AvaTrade
IC Markets Global
FXCM
D prime

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AvaTrade

AvaTrade

Regulated
STARTRADER

STARTRADER

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AvaTrade

AvaTrade

Regulated
STARTRADER

STARTRADER

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AvaTrade

AvaTrade

Regulated
STARTRADER

STARTRADER

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AvaTrade

AvaTrade

Regulated
STARTRADER

STARTRADER

Regulated

Latest News

KOT4X Signals Wind-Down: Clients Told to Close Positions and Withdraw Funds

WikiFX
2025-09-25 22:45

ADCB Faces Customer Backlash on All Fronts: Check Top Complaints

WikiFX
2025-09-25 19:21

Fxnice Review 2025: Is Fxnice a Scam?

WikiFX
2025-09-25 17:04

How to Trade Forex in Malaysia | Know These Before You Start

WikiFX
2025-09-25 17:18

Travelex Launches Same Rate Guarantee at Changi

WikiFX
2025-09-25 17:54

ZForex Review Alert: 5 Red Flags About Its Regulation, Leverage & Withdrawal

WikiFX
2025-09-25 17:32

Forex Market Time Converter Explained: Trading Hours, Sessions & More

WikiFX
2025-09-25 18:02

Trump Announces New Round Of Tariffs On Drugs, Heavy Trucks And Furniture

WikiFX
2025-09-26 06:05

Assembly of 100 Authoritative Judges Marks Commencement of Second SkyLine Guide Thailand!

WikiFX
2025-09-26 10:10

QuoMarkets Exposed: High Slippage, Profit Withholding & Other Scams

WikiFX
2025-09-26 20:42

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

CRYPTO CAPITAL INVESTMENT

CRYPTO CAPITAL INVESTMENT

EMKAP

EMKAP

Acutefx Markets

Acutefx Markets

DCFXOPTIONS.Pro

DCFXOPTIONS.Pro

Ora Market Options

Ora Market Options

Capitalprofitsfx

Capitalprofitsfx

xCube

xCube

Virium

Virium

Pioneer Global Investment LTD

Pioneer Global Investment LTD

Croft

Croft