Taking the Street

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Taking the Street

The practice in which a hedge fund buys the entire inventory of a stock from several banks and brokerages with the intention to sell it in a short period of time. The hedge fund takes the street knowing that the banks and brokerages will need to buy the inventory soon for their clients. This increase in demand raises the stock's price. The hedge fund is then able to sell the stock to the same banks and brokerages (and others) at a profit.
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References in periodicals archive ?
April 11, 2016 (EL-FASHER) - El-Fasher University students Monday took the street to protest against the administrative referendum which started in Darfur five states on the same day.
"As the (waste) crisis is maintaining a status-quo and because the politicians are intentionally marginalizing the trash file and its dangerous health consequences (...) 'You Stink' move today (...) aimed at delivering a clear message that the group which initiated the popular moves and took the street during the past months would not refrain from doing anything to solve the trash crisis," the statement said.
The MP wondered how people who took the street did not respond to their leaderships' calls to leave streets.
Thousands of Papuans took the streets of cities including Sorong, Manokwari and Jayapura on Monday.
LAHORE -- Citizens took the streets to celebrate New Year night late on Monday.
Soon after, residents took the streets and blocked Super Highway.
Its sister organisations took the streets demanding that the government should address KC's demand.
Locals took the streets in Mir Ali on Sunday against the killings, demanding security for their areas.
Palestinians took the streets of Bethlehem at the 300 military checkpoint, where hundreds carried out a ...
Summary: On Wednesday, May 14, tens of thousands of civil servants and teachers took the streets of downtown Beirut to demand higher wages.
Nikiforov made an analogy between the current situation and the events in Bulgaria from January 1997 when the country fell into a deep political and financial crisis and people took the streets in protests.
Wearing white ribbons to show their opposition to the inaugaration of Vladimir Putin as President, hundreds of citizens took the streets of the capital city.