That change is primarily due to short selling by arbitragers involved in many special situations, including proposed or pending takeovers, convertible securities of a particular company, rights offerings, stock splits or distributions and tenders.

That is because stock is sold short by arbitragers involved in many special situations, including proposed or pending takeovers, convertible securities, rights offerings, stock splits or distributions of tenders.

The reason: stock is sold short by arbitragers involved in many special situations, including proposed or pending takeovers, conversions of securities of a company, rights offerings, stock splits or distributions and tenders.

The change is primarily the result of short-selling by arbitragers involved in special situations, including proposed or pending takeovers, convertible securities, rights offerings, stock splits or distributions and tenders.