close a position
(redirected from Close their Position)Close a position
In the context of general equities, eliminate an investment from one's portfolio, by either selling a long position or covering a short position.
Close a Position
To end an investment; to change from a long position to a short position or vice versa. A long position is ownership of a security or option, while a short position is debt. Thus, to close a long position is to sell a security or option and to close a short position is to buy out the debt.
close a position
To eliminate an investment position. The most common way to close a position is to sell a security that is owned. An investor might also close a position by purchasing stock to replace shares borrowed for a short sale.