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Pound v dollar: How hedge funds benefit from a weaker sterling

Here's how hedge fund managers make money from shorting the British pound

Bank of America Corporation (BML-PH)

NYSE - NYSE Delayed price. Currency in USD

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19.44

+0.13

(+0.67%)

At close: 03:59PM EDT

Major holders

Insider transactions

Major holders

Currency in USD

Breakdown

0.00%	% of shares held by all insiders
2.27%	% of shares held by institutions
2.27%	% of float held by institutions
1	Number of institutions holding shares

Top institutional holders

Holder	Shares	Date reported	% out	Value
Tower Bridge Advisors	271,984	29 Jun 2022	0.61%	5,287,369

Top mutual fund holders

Holder	Shares	Date reported	% out	Value
iShares Preferred & Income Securities ETF	624,472	30 Jul 2022	1.41%	12,139,736
Global X Fds-Global X U.S. Preferred ETF	173,569	30 Aug 2022	0.39%	3,374,181
Invesco ETF Tr II-Invesco Variable Rate Preferred ETF	98,587	30 Aug 2022	0.22%	1,916,531
Global X Fds-Global X Variable Rate Preferred ETF	87,795	30 Aug 2022	0.20%	1,706,734
SPDR (R) Ser Tr-SPDR ICE Preferred Securities ETF	65,026	30 Aug 2022	0.15%	1,264,105
Innovator ETF Tr-Innovator S&P Investment Grade Preferred ETF	32,285	29 Apr 2022	0.07%	627,620
ETF Series Solutions-AAM Low Duration Preferred & Income Securities	26,227	29 Apr 2022	0.06%	509,852
American Century Quality Preferred ETF	4,892	30 Aug 2022	0.01%	95,100