PDD Stock Shorted as Hedge of Convertible Bonds

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# PDD

# plunge

# stock

# 财经

A popular hedge fund strategy profited from PDD"s record stock slide, leveraging the gap between the company"s stock and convertible bond markets. The trade involved buying convertible bonds, converting them into shares, and shorting the stock as a hedge. PDD"s poor financial report led to a significant share price drop, outperforming the decline in bond prices.

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