Enbridge shares are popular – but heavily shorted

Many thanks to Larry MacDonald, who very kindly quoted me (via PrefBlog) in his recent article Enbridge shares are popular – but heavily shorted:

The floating of preferred shares has been particularly substantial. As James Hymas, manager of the Malachite Aggressive Preferred Fund, noted in his blog (prefblog.com) in late 2014, Enbridge’s issuance “comprises roughly 10 per cent of the Canadian preferred share market, virtually all of which has come out since … [2011].”

The post quoted was Rating Agencies Unhappy With Enbridge.

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